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Tokenomics

Vesting

A time-based release schedule for locked token supply. Vesting completion dates are public on-chain via the vesting program's PDA. A large single-event unlock (20%+ of supply on one date) with no announced holder commitment program is a rug-after-vesting warning pattern.

See also
Security Rug-After-Vesting A rug executed after a publicly announced token lock expires. Informed holders front-run the unlock — the chart bleeds in anticipation — and the developer dumps at completion. Pre-announced single-event unlocks (20%+ of supply on one date) with no buyback program are the clearest warning pattern. → Tokenomics Mint Authority The SPL Token Program authority that can create new tokens. If set to null, supply is permanently fixed and the inflation rug vector is mechanically closed. Pump.fun and LetsBonk set mint authority to null by default at launch. → Tokenomics Circulating Supply The number of tokens currently tradeable in the open market, excluding locked, vested, or burned supply. Used with current price to calculate market cap. Vesting unlocks increase circulating supply, which can be a structural sell pressure event. →
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