<\/p>\n
Launchpad buyers are down 30% with a 2-year vesting period ahead of them.<\/p>\n
Espresso, a decentralized rollup base layer, launched its native ESP token this morning at a valuation of roughly $275 million following its token airdrop and distribution.<\/p>\n
The token debuted at $0.072 before jumping up to $0.083 shortly after its launch and has reported $115 million in trading volume<\/a> over its first 7 hours across CoinGecko-tracked platforms.<\/p>\n The protocol is designed to support rollups and appchains with everything they need from a base layer to ensure high performance, including finality, data availability, and real-time interoperability.<\/p>\n Today\u2019s ESP token<\/a> launch enables the network to transition to proof-of-stake, and the protocol has distributed 10% of the token supply in an airdrop to more than one million eligible addresses. <\/p>\n There was also a Kaito Launchpad sale in July 2025, which sold 1% of the supply at a $400 million valuation, leaving launchpad investors with a 31% loss at current prices.<\/p>\n The ESP token is the latest in a line of ICOs and token sales that are opening underwater, with Infinex<\/a> and Aztec<\/a> being two other recent examples.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Launchpad buyers are down 30% with a 2-year vesting period ahead of them. Espresso, a decentralized rollup base layer, launched its native ESP token this morning at a valuation of roughly $275 million following its token airdrop and distribution. The token debuted at $0.072 before jumping up to $0.083 shortly after its launch and has […]<\/p>\n","protected":false},"author":2,"featured_media":419545,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-419544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/419544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=419544"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/419544\/revisions"}],"predecessor-version":[{"id":419546,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/419544\/revisions\/419546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/419545"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=419544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=419544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=419544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}