儘管日常解鎖活動存在潛在風險，但 GRASS 上市後價格仍超過 1 美元

DePin Grass計畫空投後已正式在多家交易所開始交易。儘管受到空投的拋售壓力，但隨著交易量的飆升，GRASS 的價格暫時突破了 1 美元。

The DePin Grass token (GRASS) has commenced trading on several exchanges after its airdrop. Despite the selling pressure from the airdrop, the price of GRASS soared temporarily above $1 as trading volume surged.

DePin Grass 代幣（GRASS）空投後已開始在多家交易所進行交易。儘管受到空投的拋售壓力，但隨著交易量的激增，GRASS 的價格暫時飆升至 1 美元以上。

The token is designed to be used within the DePin ecosystem, which aims to create a decentralized internet infrastructure. Active users can earn GRASS tokens as rewards for sharing their internet resources through a browser extension.

該代幣旨在 DePin 生態系統中使用，旨在創建一個去中心化的互聯網基礎設施。活躍用戶可以賺取 GRASS 代幣作為透過瀏覽器擴展共享網路資源的獎勵。

According to data from CoinGecko, GRASS began trading at around $0.73 in the pre-market on Binance. However, after its listing, the price surged from a low of $0.65 to a high of $1.10 on FTX.

根據 CoinGecko 的數據，GRASS 在幣安上市前的交易價格約為 0.73 美元。然而，上市後，FTX 上的價格從 0.65 美元的低點飆升至 1.10 美元的高點。

This surge indicates that the market has valued GRASS’s fully diluted valuation (FDV) at over $1 billion. Fully Diluted Valuation (FDV) in the crypto market refers to the total market capitalization of a cryptocurrency project when all its tokens, including those not yet in circulation, are considered.

這一飆升表明市場對 GRASS 的完全攤薄估值 (FDV) 的估值超過 10 億美元。加密貨幣市場中的完全稀釋估值（FDV）是指考慮到加密貨幣項目的所有代幣（包括尚未流通的代幣）時的總市值。

Although GRASS subsequently retraced to $0.87, this price still remains higher than its pre-market level, reflecting sustained investor optimism for this newly launched token.

儘管 GRASS 隨後回落至 0.87 美元，但該價格仍高於上市前水平，反映出投資者對這項新推出的代幣持續樂觀。

Moreover, data from CoinGecko reveals that GRASS’s daily trading volume has surpassed that of Bittensor (TAO), Filecoin (FIL), and io.net (IO). GRASS is currently the leading token in DePin trading volume, with nearly $225 million traded.

此外，CoinGecko 的數據顯示，GRASS 的每日交易量已超過 Bittensor (TAO)、Filecoin (FIL) 和 io.net (IO)。 GRASS 目前是 DePin 交易量領先的代幣，交易量近 2.25 億美元。

Meanwhile, an investor has highlighted a discrepancy in the calculation of GRASS’s initial circulating supply, which may impact its price movements.

同時，一位投資者強調了 GRASS 初始流通供應量的計算存在差異，這可能會影響其價格走勢。

According to the monthly GRASS token distribution schedule, the initial circulating supply of GRASS is 25% of the total 1 billion GRASS. However, a recent calculation suggests that the actual circulating supply may be lower.

根據每月 GRASS 代幣分配計劃，GRASS 的初始流通量為 10 億枚 GRASS 總量的 25%。然而，最近的計算表明，實際流通供應量可能會更低。

“Real circulating for GRASS is not 25%, its 5-6%. About 10% is for the first airdrop, which is roughly 50% claimed right now and claims are open til mid January. The other 10% is for router and staker rewards/future airdrops, which will be a linear release over years. 1.37% is for the foundation is for the foundation to use for listings, incentivising LP pairs etc. So really, the liquid supply right now is around 5-6%,” one X user commented.

「草的實際流通量不是 25%，而是 5-6%。大約 10% 用於第一次空投，目前約有 50% 已領取，領取截止時間為 1 月中旬。另外 10% 用於路由器和質押者獎勵/未來空投，這將是多年來的線性釋放。 1.37% 用於基金會，用於基金會用於上市、激勵 LP 對等。 所以實際上，目前的流動性供應量約為 5-6%。

Furthermore, a recent statistic from Tokenomist indicates that projects with a high FDV and a small circulating supply may pose significant risks.

此外，Tokenomist最近的一項統計表明，FDV高、流通量小的專案可能會帶來重大風險。

“Projects that have a small circulating supply but a high fully diluted valuation (FDV) can be quite risky for those looking to invest for the long term,” Tokenomist noted.

「對於那些尋求長期投資的人來說，流通供應量較小但完全稀釋估值 (FDV) 高的項目可能風險很大，」Tokenomist 指出。

Data from CryptoRank shows that GRASS’s Linear Unlock process will continue until 2028. Between now and October 28, 2025, 0.01% of the total supply, equivalent to 146,200 GRASS, will be unlocked daily, potentially exerting long-term selling pressure on GRASS’s price.

CryptoRank的數據顯示，GRASS的線性解鎖過程將持續到2028年。拋售壓力。