Orochi Network releases $6.22 million in ON tokens
CIE News ·
Based on reporting by CoinMarketCap; not yet independently confirmed.
Orochi Network unlocked $6.22 million worth of ON tokens on October 24, 2026. The release equals 33.7% of the asset's $25.3 million market capitalization, CoinMarketCap reported.
Orochi Network performed a scheduled unlock of $6.22 million worth of ON tokens on October 24, 2026. According to CoinMarketCap, the unlocked volume represents 33.7% of the token's circulating market capitalization, which stands at $25.3 million.
CoinMarketCap reported that the asset has a 10.1% turnover rate alongside concentrated token holdings. The outlet noted that the size of the release relative to circulating supply introduces potential selling pressure, as the broader market remains in a neutral sentiment phase with high Bitcoin dominance.
Orochi Network builds verifiable data infrastructure, including its zkDatabase for zero-knowledge proofs and tokenized real-world assets. The project has received backing from the Ethereum Foundation and entered a partnership with zkPass.
Key facts
- $6.22M in ON unlocked
- 33.7% of market cap
- $25.3M market capitalization
- October 24, 2026
Read the original at CoinMarketCap