Cronos (CRO): 1.17 billion tokens leave the Strategic Reserve, eleven times the daily turnover

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Overnight into October 17, 1.17 billion CRO left the Strategic Reserve and entered circulation, around 2.33 percent of the circulating supply. Because CRO turns over only $6.2 million a day, the tranche is roughly eleven to twelve times the entire daily turnover.Overnight into October 17, the Cronos network released around 1.17 billion CRO. That is about 2.33 percent of the circulating supply, and depending on the data provider the tranche is worth between $69.5 million and $73 million. It was the largest scheduled token unlock of the week across the entire crypto market. The tokens did not go to the team or to early backers: they went in full to the network's Strategic Reserve. If you hold CRO in Germany, the size itself matters less than the ratio. CRO turns over only around $6.2 million a day, so the released tranche is roughly eleven to twelve times the entire daily turnover. This article sets out what that means in practice, where the price stands after the release, and whi...