Significant changes are anticipated for the DoubleZero project as it prepares for the release of its native token, 2Z, on October 2nd. This milestone event is set to see approximately 1.65 billion tokens unlocked, amounting to 16.55% of the total supply cap of 10 billion tokens.

In detail, the allocation of the released tokens will see 575 million directed to Jump Crypto and 350 million to Malbec Labs. Additionally, 250 million tokens are designated for the project team. other key distributions include 300 million for institutions, 100 million for contributors, 50 million for developers, and 30 million reserved for the validator sale.

Market reactions to the unlocking have already been felt, with the price of 2Z dropping 13% over the last 24 hours. As of now, 2Z is trading at $0.05538, a stark contrast to its peak of $0.75 recorded in October of the previous year, reflecting a 92% decrease from that high.

As the release date approaches, the market will be closely monitoring the impact of this large-scale token unlocking on the price and overall sentiment of the 2Z token.