🤖AI Summary
Espresso Token has launched with a $275 million valuation, but launchpad buyers are experiencing significant losses with their tokens down 30% from purchase price. The situation is compounded by a 2-year vesting period that locks investors into their positions.
Key Takeaways
- →Espresso Token launched at a $275 million valuation despite market conditions.
- →Launchpad participants are facing immediate losses of 30% on their investment.
- →A 2-year vesting period prevents early investors from exiting their positions.
- →The launch highlights risks associated with launchpad investments and token vesting schedules.
- →The significant discount to launch price suggests weak initial market reception.
Read Original →via The Defiant
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