Connex releases $17.95 million in CONX tokens on schedule

cryptonews05-16

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...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConnex releases $17.95 million in CONX tokens on schedule\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-16 05:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/connex-releases-17-95m-in-conx-tokens-today/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Connex released 1.32 million CONX tokens worth $17.95 million on May 15 in a scheduled cliff unlock.\n\n\nSummary\n\n\n\nConnex unlocked 1.32 million CONX tokens valued at approximately $17.95 million on May...</p>\n\n<a href=\"https://crypto.news/connex-releases-17-95m-in-conx-tokens-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CONL","symbol_name":"2倍做多COIN ETF-GraniteShares","start_time":0,"source_url":"https://crypto.news/connex-releases-17-95m-in-conx-tokens-today/","article_id":"2635805332","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/connex-releases-17-95m-in-conx-tokens-today/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2635805332","pubTimestamp":1778880598,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Connex released 1.32 million CONX tokens worth $17.95 million on May 15 in a scheduled cliff unlock.The unlock represents 1.49% of Connex’s released supply, with 822,500 tokens allocated to the ecosystem.The remaining 500,000 CONX tokens from the release were directed to the community treasury.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’s adjusted released supply, with 88.60% of maximum supply already in circulation ahead of the event.Supply event adds $17.95m in CONX tokens to circulation. Connex’s unlock, by contrast, follows a previously disclosed vesting schedule. The token is used to incentivise professional participation and governance across Connex’s LinkedIn-style decentralised network. Hyperliquid’s HYPE token demonstrated earlier this year that markets can absorb","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"CONL":"2倍做多COIN ETF-GraniteShares","COIG":"2倍做多COIN ETF- Leverage Shares","CONX":"Direxion Daily COIN Bull 2X ETF","COIW":"COIN周配息ETF-Roundhill","ICOI":"Bitwise COIN Option Income Strategy ETF","FIAT":"做空COIN期权收益策略ETF-YieldMax","COYY":"GRANITESHARES YIELDBOOST COIN ETF","CONI":"2倍做空COIN ETF-GraniteShares","COII":"REX COIN Growth& Income ETF","CONY":"COIN期权收益策略ETF-YieldMax","CONXU":"CONX Corp.","COIA":"ProShares Ultra Coin ETF","COIO":"2倍上限加速COIN ETF-Leverage Shares"},"translate_title":"Connex如期发行1795万美元CONX代币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ICOI":0.6,"CONX":0.75,"CONY":0.6,"COIW":0.6,"CONI":0.6,"COIA":0.6,"CONXU":1.5,"FIAT":0.6,"COIO":0.6,"COII":0.6,"CONL":0.6,"COYY":0.6,"COIG":0.6},"content_text":"Connex released 1.32 million CONX tokens worth $17.95 million on May 15 in a scheduled cliff unlock.\n\n\nSummary\n\n\n\nConnex unlocked 1.32 million CONX tokens valued at approximately $17.95 million on May 15, 2026.\nThe unlock represents 1.49% of Connex’s released supply, with 822,500 tokens allocated to the ecosystem.\nThe remaining 500,000 CONX tokens from the release were directed to the community treasury.\n\n\n\nConnex, 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’s adjusted released supply, with 88.60% of maximum supply already in circulation ahead of the event.\nThe allocation split the 1.32 million CONX into two portions. The ecosystem fund received 822,500 tokens worth approximately $10.94 million, while the community treasury received the remaining 500,000 tokens valued at approximately $6.65 million.\nSupply event adds $17.95m in CONX tokens to circulation\nCliff-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. \nAt current prices the unlock represents roughly 60% of CONX’s market capitalisation of approximately $30.61 million, making it one of the highest unlock-to-market-cap ratios of the week.\nThe broader crypto market is tracking multiple significant unlock events in May 2026. Crypto.news reported that last week’s 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.\nEarlier this month, governance turbulence surrounding a separate unlock showed how vesting mechanics can generate community pushback when supply events are not well managed. \nThe 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.\nConnex’s unlock, by contrast, follows a previously disclosed vesting schedule. The token is used to incentivise professional participation and governance across Connex’s LinkedIn-style decentralised network. Hyperliquid’s HYPE token demonstrated earlier this year that markets can absorb large unlock events without sustained price damage when underlying demand remains strong.\n\n\n\n\n\n                Read more:\n            \nVisa and WeFi test “on‑chain banking” for stablecoin spending","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2635805332","isCrawlerRequest":true}