{"id":19962,"date":"2026-05-16T06:55:09","date_gmt":"2026-05-16T06:55:09","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/05\/16\/connex-releases-17-95m-in-conx-tokens-today\/"},"modified":"2026-05-16T06:55:09","modified_gmt":"2026-05-16T06:55:09","slug":"connex-releases-17-95m-in-conx-tokens-today","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/05\/16\/connex-releases-17-95m-in-conx-tokens-today\/","title":{"rendered":"Connex releases 17.95m in CONX tokens today"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/media.crypto.news\/2026\/05\/IMG_6797.webp\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">Connex released 1.32 million CONX tokens worth $17.95 million on May 15 in a scheduled cliff unlock.<\/p>\n<div id=\"cn-block-summary-block_b3d67c8c204c8b87318531a5b5816633\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Connex unlocked 1.32 million CONX tokens valued at approximately $17.95 million on May 15, 2026.<\/li>\n<li>The unlock represents 1.49% of Connex\u2019s released supply, with 822,500 tokens allocated to the ecosystem.<\/li>\n<li>The remaining 500,000 CONX tokens from the release were directed to the community treasury.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Connex, a Web3 professional networking platform that uses its native token for payments, governance and credential verification, executed the unlock on a preset cliff schedule. According to Tokenomist data, the release equals approximately 1.49% of the project\u2019s adjusted released supply, with 88.60% of maximum supply already in circulation ahead of the event.<\/p>\n<p>The allocation split the 1.32 million CONX into two portions. The ecosystem fund <a href=\"https:\/\/tokenomist.ai\/connex\/unlock-events\" target=\"_blank\" rel=\"nofollow\">received<\/a> 822,500 tokens worth approximately $10.94 million, while the community treasury received the remaining 500,000 tokens valued at approximately $6.65 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Supply event adds $17.95m in CONX tokens to circulation<\/h2>\n<p>Cliff-style unlocks, which release tokens in a single event rather than gradually, can add short-term selling pressure when a large percentage of market cap enters circulation at once. <\/p>\n<p>At current prices the unlock represents roughly 60% of CONX\u2019s market capitalisation of approximately $30.61 million, making it one of the highest unlock-to-market-cap ratios of the week.<\/p>\n<p>The broader crypto market is tracking multiple significant unlock events in May 2026. Crypto.news <a href=\"https:\/\/crypto.news\/token-unlocks-worth-over-229m-put-hype-ena-and-red-on-watch\/\">reported<\/a> that last week\u2019s period included over $229 million in releases across HYPE, ENA and RED, with Tokenomist data showing that large cliff unlocks draw heightened trader attention around scheduled dates.<\/p>\n<p>Earlier this month, governance turbulence surrounding a separate unlock <a href=\"https:\/\/crypto.news\/wlfi-team-shifts-55-57m-into-token-unlock-contract\/\">showed<\/a> how vesting mechanics can generate community pushback when supply events are not well managed. <\/p>\n<p>The WLFI situation, where $55.57 million was shifted into an unlock contract before a community vote halted the process, highlighted how unlock structure and governance interact.<\/p>\n<p>Connex\u2019s unlock, by contrast, follows a previously disclosed vesting schedule. The token is used to incentivise professional participation and governance across Connex\u2019s LinkedIn-style decentralised network. Hyperliquid\u2019s HYPE token <a href=\"https:\/\/crypto.news\/hyperliquid-price-token-unlock-coinbase-listing-2026\/\">demonstrated<\/a> earlier this year that markets can absorb large unlock events without sustained price damage when underlying demand remains strong.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/connex-releases-17-95m-in-conx-tokens-today\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Connex released 1.32 million CONX tokens worth $17.95 million on May 15 in a scheduled cliff unlock. Summary Connex unlocked 1.32 million CONX tokens valued at approximately $17.95 million on May 15, 2026. The unlock represents 1.49% of Connex\u2019s released supply, with 822,500 tokens allocated to the ecosystem. The remaining 500,000 CONX tokens from the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-19962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=19962"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/19963"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=19962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=19962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=19962"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=19962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}