The price of GRASS is facing significant pressure as 181 million tokens, accounting for 72.40% of the total supply, are set to unlock today at 1:30 PM UTC. This event is expected to increase the circulating supply by nearly 58%, from 243 million to 424 million tokens, sparking concerns about potential dilution and liquidity issues.
In the past 24 hours, GRASS has fallen 2.9% to $0.41, underperforming the broader cryptocurrency market. The token has seen a decline of over 50% in the last 30 days, with technical indicators pointing to a strong downtrend and oversold conditions.
GRASS Faces Pressure as 181 Million Tokens Unlock
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