尽管日常解锁活动存在潜在风险，但 GRASS 上市后价格仍超过 1 美元

DePin Grass项目空投后已正式在多家交易所开始交易。尽管受到空投的抛售压力，但随着交易量的飙升，GRASS 的价格暂时突破了 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 代币（GRASS）空投后已开始在多家交易所进行交易。尽管受到空投的抛售压力，但随着交易量的激增，GRASS 的价格暂时飙升至 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.

该代币旨在在 DePin 生态系统中使用，旨在创建一个去中心化的互联网基础设施。活跃用户可以赚取 GRASS 代币作为通过浏览器扩展共享互联网资源的奖励。

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.

根据 CoinGecko 的数据，GRASS 在币安上市前的交易价格约为 0.73 美元。然而，上市后，FTX 上的价格从 0.65 美元的低点飙升至 1.10 美元的高点。

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.

这一飙升表明市场对 GRASS 的完全摊薄估值 (FDV) 的估值超过 10 亿美元。加密货币市场中的完全稀释估值（FDV）是指考虑到加密货币项目的所有代币（包括尚未流通的代币）时的总市值。

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.

尽管 GRASS 随后回落至 0.87 美元，但该价格仍高于上市前水平，反映出投资者对这一新推出的代币持续乐观。

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 的数据显示，GRASS 的日交易量已超过 Bittensor (TAO)、Filecoin (FIL) 和 io.net (IO)。 GRASS 目前是 DePin 交易量领先的代币，交易量近 2.25 亿美元。

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

与此同时，一位投资者强调了 GRASS 初始流通供应量的计算存在差异，这可能会影响其价格走势。

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.

根据每月 GRASS 代币分配计划，GRASS 的初始流通量为 10 亿枚 GRASS 总量的 25%。然而，最近的计算表明，实际流通供应量可能会更低。

“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.

“草的实际流通量不是 25%，而是 5-6%。大约 10% 用于第一次空投，目前大约有 50% 已领取，领取截止时间为 1 月中旬。另外 10% 用于路由器和质押者奖励/未来空投，这将是多年来的线性释放。 1.37% 用于基金会，用于基金会用于上市、激励 LP 对等。所以实际上，目前的流动性供应量约为 5-6%。”一位 X 用户评论道。

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最近的一项统计表明，FDV高、流通量小的项目可能会带来重大风险。

“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.

“对于那些寻求长期投资的人来说，流通供应量较小但完全摊薄估值 (FDV) 高的项目可能风险很大，”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的数据显示，GRASS的线性解锁过程将持续到2028年。从现在到2025年10月28日，每天将解锁总供应量的0.01%，相当于146,200个GRASS，这可能对GRASS的价格造成长期抛售压力。