Scroll’s Token Declines 32% as Whales Scoop Up Airdrop

Scroll’s issues act to stem from the token allocation and distribution. In the lead up to SCR’s release, users expressed their frustration at Scroll’s conclusion to set aside 5.5% of the supply to the Binance Launchpool and just 7% for the initial airdrop. That frustration was compounded this week after it appeared that Scroll’s refusal to put an airdrop cap in place meant that a handful of whales scooped up the majority of available surfaces.