ZORA faces its first major vesting unlock on Oct. 23, putting fresh pressure on ZORA price as the token is already locked in a downtrend.
Summary
- 166.7M ZORA (~4.76% of supply) will be released to Treasury, Investors, and Team wallets in October.
- ZORA price is trending in a downward channel, risking decline toward $0.035.
The Zora (ZORA) token is set to experience its first major vesting unlock since its TGE on April 23. On Oct. 23, approximately 166.67 million ZORA tokens, representing 4.76% of the circulating supply, will be released into the market, according to Tokenomist.
This unlock will distribute:
- Treasury: 41.67M ZORA (~$1.98M)
- Investors: 72.5M ZORA (~$3.44M)
- Team: 52.5M ZORA (~$2.49M)
After this first major unlock in October, the supply will begin to grow consistently month by month, following the structured vesting curve laid out in the tokenomics. The monthly releases will primarily flow to the Team, Investors, and Treasury, each unlocking according to their schedules.
Will ZORA price withstand the upcoming unlock?
ZORA price is moving within a clearly defined downward channel. Except for a brief peak above the 20 SMA in mid-September, the token has been trading below it since late August, showing persistent bearish momentum.
ZORA price has also recently lost the 0.382 Fibonacci retracement level at $0.0615, which had been acting as support until about a week ago. This breakdown increases the probability of further downside, with the next support zone likely around the lower boundary of the descending channel near $0.035.
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Author: Darya Nassedkina
