Covalent quietly pulled a smart move.
They’ve been using GoldRush API revenue to buy CXT off the market, removing close to 1% of the total supply so far.
Meanwhile, 300M $CXT is staked, about a third of the circulating supply, and 98% of all tokens are already unlocked. Translation: no big unlock dumps coming, and sell pressure stays low.
And it gets better. A future burn mechanism is on the roadmap, which would make CXT deflationary over time.
@Covalent isn’t building data infrastructure. It’s quietly tightening its token economy.
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