LOW FLOAT & HIGH FDV: HOW DID WE GET HERE?

Summary from the TLDR Crypto newsletter

A report from Binance Research reveals a substantial shift in the crypto market, with the circulating supply of tokens at launch decreasing significantly over the past three years, from about 41% to 12.7%. With $155 billion in token supply scheduled to unlock from 2024 to 2030, the study underscores the challenges and potential volatility facing projects with low float and high fully diluted valuations, highlighting the need for real utility to support such high initial valuations.