Hedera will conduct its next token-unlocking event on 1 September. This will see the release of 1.5 billion HBAR tokens toward network governance related operations, purchase agreements etc.
This event will see the unlocking of 1.5 billion HBAR tokens, which represent 3.48% of the token’s circulating supply. The tokens to be unlocked will be worth around $65 million.
HBAR has a total supply of 50 billion tokens, with 33.03 million currently circulating. This represents 66% of the token’s total supply. Only 130 million HBAR tokens will remain locked upon completion of the token unlock event.Despite recent market troubles, HBAR’s price has rallied by 10% in the last month, according to data from
At press time, the positive directional index at 27.51 rested above the negative directional index at 20.10. This indicated that the market remained in an uptrend, and HBAR’s price was likely to continue to rise.
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