The 2Z token of DoubleZero has plunged 40% to $0.53501, even after receiving a no-action letter from the U.S. Securities and Exchange Commission (SEC). The token's controversial tokenomics have drawn significant criticism from the community. With a total supply of 10 billion, 28% of 2Z tokens were allocated to venture capital firms, including Jump Crypto, which deposited $20.9 million worth of tokens into exchanges. At launch, the circulating supply reached 3.47 billion, far exceeding the initially promised 700 million, leading to increased selling pressure and diminishing trust in the project.