The 2Z token collapsed over 65% on launch day after a shock supply overhang blindsided the market. While DoubleZero’s filings suggested around 700M tokens (7% of total supply) would circulate at launch, data show Yahoo Finance reported that nearly 3.5B tokens live, almost five times higher than expected.
> The extra 2.7B tokens flooded liquidity and crushed price momentum.
> The discrepancy highlights weak disclosure around vesting and unlock schedules.
> Private sale investors who bought at $0.075 stood to gain over 2,000% at peak, but retail entrants faced immediate dilution.
> Without clarity on how and why the supply expanded so drastically, confidence in the project’s tokenomics has eroded.
> For a network that had built credibility with $28M in funding, top exchange listings, and even an SEC no-action letter, the messy supply mechanics have become the story.
Show original
3.5K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.