ACE, which is Fusionist, is currently trading around 0.07 u. On July 13, just a few days ago, it only made a new all-time low of 0.068 u.

Its all-time high was 17 u in December 2023. Now it’s down 99.96%—a drawdown that’s considered pretty extreme across the entire crypto market.

The project is building a blockchain called Endurance, focused on gaming. In its tokenomics, it has a biweekly token-burning mechanism: it uses ecosystem revenues to buy back and burn, aiming to create a long-term deflationary effect.

But the problem is direct. The circulating supply has already reached 71%, with a total supply of 147 million tokens. On July 18, another batch will be unlocked. Even though that represents less than 2% of the total supply, ongoing scheduled unlocks keep diluting.

With circulating supply already this high, it suggests most of the supply has already been released. It’s not the kind of project where a lot is heavily locked in the early stage. Instead, the market’s buying demand just hasn’t been able to pick up, and that’s why the price has fallen to a new all-time low.

For a mature project that just hit a new low and has high circulating supply, if short-term sentiment turns, it could see a technical rebound. But sustaining the price requires real user growth to back it up#ace $ACE