Deep Dive
1. Token Unlocks & Vesting Schedule (Bearish Impact)
Overview: 181M GRASS tokens (72.4% of circulating supply) unlocked on 28 October 2025, primarily to early investors and team. This followed a 60% price drop in 60 days as markets priced in dilution risks. Historical unlocks saw 10-30% declines post-event (CoinJournal).
What this means: Immediate selling pressure could overwhelm current $25.6M daily volume. With 243M tokens already circulating, the 58% supply increase creates structural headwinds until demand catches up.
2. DePIN Network Growth (Bullish Impact)
Overview: Grass scaled to 8.5M active users by October 2025, leveraging its decentralized bandwidth-sharing model for AI data scraping. The $10M raise from Polychain/Tribe targets infrastructure upgrades (Blockworks).
What this means: Each 1M users added historically correlated with 18-22% price spikes. The Sion Upgrade’s 1PB/day data capacity could attract enterprise clients, creating fee revenue to offset sell pressure.
3. Regulatory Crosswinds (Mixed Impact)
Overview: GRASS remains unavailable to U.S./Canadian users pending regulatory approval, blocking 30% of potential market. However, EU MiCA compliance by Q1 2026 could enable institutional participation.
What this means: Resolution of North American restrictions could be a 2026 catalyst, but delayed approvals might cede market share to rivals like Bless Network’s dual-token model.
Conclusion
GRASS’ path hinges on absorbing October’s supply shock while converting AI partnerships into revenue. Watch the 30-day SMA ($0.62) – sustained breaks above could signal accumulation, while holds below $0.31 may indicate prolonged bearish momentum. Can Grass’ real-world data utility outweigh crypto’s risk-off sentiment?