The Pipe Network officially announced their token $PIPE, with a total supply of 1 billion. The allocation plan seems standard, with the largest share going to the community (33%), but a closer look reveals that only 3% is sold on CoinList, with the remaining 30% likely reserved for airdrops or community incentives.

VCs and the team take 47% (20% for venture capital, 17% for core contributors, and 10% for angel investors), which is considered a normal level in current projects and not too exaggerated. Node operations and ecological funds each account for 10%, leaving some room for future development.

Now we need to see their specific unlocking rules. If the lock-up period for VCs and the team is long enough, the price pressure will be much smaller, but with only 3% available, the rush to purchase is expected to be quite intense.