$2Z ’s October 2 unlock is being sold as a simple 47.7% supply shock. The number is real only against the old float.
About 1.65 billion $2Z is scheduled to unlock at 00:00 UTC, with the largest tranches going to Jump Crypto, Malbec Labs, institutions and the team. #CoinMarketCap. still shows 3.47 billion tokens circulating, which makes the event nearly 48% of float. #DeFiLlama and Tokenomist already show roughly 5.11 billion, effectively counting the post-unlock supply; on that base, the same event is about 32%.
That accounting gap matters more than the headline. $2Z is already down roughly 9% over 24 hours, but funding is mixed across venues rather than showing one clean crowded short.
The useful confirmation comes after the unlock: watch whether recipient wallets send tokens to exchanges and whether spot volume can absorb them. No deposits, no automatic dump. Heavy deposits with weak bids would validate the bearish thesis.
About 1.65 billion $2Z is scheduled to unlock at 00:00 UTC, with the largest tranches going to Jump Crypto, Malbec Labs, institutions and the team. #CoinMarketCap. still shows 3.47 billion tokens circulating, which makes the event nearly 48% of float. #DeFiLlama and Tokenomist already show roughly 5.11 billion, effectively counting the post-unlock supply; on that base, the same event is about 32%.
That accounting gap matters more than the headline. $2Z is already down roughly 9% over 24 hours, but funding is mixed across venues rather than showing one clean crowded short.
The useful confirmation comes after the unlock: watch whether recipient wallets send tokens to exchanges and whether spot volume can absorb them. No deposits, no automatic dump. Heavy deposits with weak bids would validate the bearish thesis.
