$77M in BEAT, EIGEN, and ZETA Tokens Set to Unleash Supply Shock

A total of $77.07 million in BEAT, EIGEN, and ZETA tokens will unlock on August 1, causing a significant supply shock to the market. The largest release is BEAT, with $67.78 million unlocking, equivalent to 6.87% of its circulating supply.

EIGEN has fallen 12.6% in the past seven days before its $7.87 million unlock, while ZETA has lost 9% as 44.43 million tokens prepare to enter circulation.

Audiera will release 21.25 million BEAT at 9 a.m. Beijing time, valuing the allocation at approximately $67.78 million. EigenCloud will unlock 38.35 million EIGEN worth about $7.87 million at 5 a.m. Beijing time, according to RootData.

Market watchers warn of a potential break below $2.45 in BEAT's price structure, which could lead to a drop towards $2.30. The August release is about 26.7 times the latest weekly burn and exceeds Audiera's cumulative reported burns by 4.21 million tokens.