Scroll's SCR token has seen a sharp decline of 32% within just over 24 hours of its launch. This significant drop comes amid a broader trend where the total value locked (TVL) on the Scroll network has decreased by 24% in the past week. Investors have expressed frustration concerning the token supply dynamics. Notably, the top 10 recipients of the recent airdrop have collectively acquired 11.7% of the total issuance, a factor that may contribute to market sentiment around the token's performance.

Source 🔗