On-chain data shows more than 67% of recipients still hold unlocked tokens, while 16.7% have fully sold, suggesting limited immediate distribution pressure after the release.
A Solana-linked token identified as pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn has gained more than 22% since a $121 million token unlock on July 12. On-chain data indicates that over 67% of recipients are still holding their tokens, while 16.7% have fully sold. Token unlocks often raise concerns about added supply hitting the market, but these figures suggest a majority of recipients have not yet exited their positions.