BlockBeats News, June 27th, Resolv team member Tim Shekikhachev posted on X, stating that Resolv has released over 15% of the token supply to the market, including airdrops, liquidity provider reserves, and incentive budgets. Most of it has gone to early users who have long supported the protocol before token generation. Some investors are anticipating public market selling pressure to short the token and are planning a buyback at a lower price. Considering the typically aggressive selling after an airdrop, this strategy makes sense, as savvy investors would want to re-enter at a lower valuation to capture greater returns.
Tim added: "The Resolv Foundation has not sold any tokens during this period. In fact, at the current price, we are strong buyers - acquiring 1.6 million RESOLV at an average price of around $0.15 in the past 24 hours."
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