After waiting nearly a year to get their tokens, the first thing many Tezos investors did was get rid of them.
At least, that seems to be the case according to available market data, which indicates a wave of selling has taken place since the tech backing the crypto asset was released in beta.
All in all, prices fell 34 percent on Monday to $2.00, according to CoinMarketCap. From a Monday high above $4, the price dropped 74 percent to a Friday low of $1.10, before paring losses to reach roughly $1.76 as of press time.
Notably, the sell-off coincided with the first listing of Tezos tokens on an exchange, meaning investors were quick to take advantage of access to liquidity.