Story Token Unlock Delayed by Six Months to Stabilize Market
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1h ago- Market Stabilization Strategy: Story (IP) has announced a six-month delay of its token unlock from February 2025 to August, aiming to address market anxieties surrounding token unlocks and reduce sell-side pressure, thereby creating a more stable trading environment for investors.
- Investor Confidence Boost: Pen Technology Inc. formally communicated this delay to major investors via email, emphasizing the need to circumvent pre-unlock selling behavior and downward price pressure, demonstrating a commitment to responsible tokenomics and investor confidence.
- Ecosystem Development Opportunity: The postponement provides additional time for the market to absorb the project's fundamentals and recent developments, allowing the team to continue building utility and adoption without the immediate influx of a large supply.
- Industry Trend Reflection: This move aligns with a growing trend in the Web3 space where projects prioritize long-term ecosystem health over short-term liquidity, indicating the team's willingness to sacrifice immediate gains for perceived long-term value, enhancing the project's reputation and governance responsibility.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
