Deep Dive
1. Upcoming Game Launches (Bullish Impact)
Overview: Delabs’ Ragnarok Libre (idle RPG) enters early access in August 2025, requiring 3,000 DELABS for participation. The game leverages the iconic Ragnarok IP, which historically attracts millions of players in Asia. A successful launch could mirror Axie Infinity’s 2021 user-driven price surge.
What this means: Direct token utility for premium access may increase scarcity, but sustained price gains depend on retaining players post-hype. Monitor daily active wallets linked to Ragnarok Libre via Delabs’ Mini App.
2. Tokenomics & Vesting Risks (Bearish Impact)
Overview: 32% of supply (960M DELABS) is allocated to community rewards, with 30% unlocked at July’s TGE. Team and investor tokens (37% total) remain locked until 2026, but ecosystem tokens (23% supply) have immediate liquidity post-TGE.
What this means: Near-term selling pressure from early adopters and ecosystem funds could suppress prices until Q4 2025. The 24h volume ($1.38M) currently represents 0.02% of circulating supply – thin markets amplify volatility.
3. Exchange Liquidity & Sentiment (Mixed Impact)
Overview: Binance Alpha’s July 28 TGE provided initial exposure, but DELABS remains absent from top-tier spot exchanges like Binance/Coinbase. The $KAIA liquidity pool on DragonSwap holds just $287k TVL, limiting institutional entry.
What this means: Listing on major exchanges (e.g., BitMart’s July 28 listing) may improve liquidity, but the 52% price drop since TGE highlights weak holder conviction.
Conclusion
DELABS’ price hinges on balancing Ragnarok’s adoption against vesting-driven sell-offs, with Binance’s ecosystem support providing a volatility buffer. Can Delabs convert its 3M+ user base into token holders before unlock schedules accelerate? Track the DELABS/KAIA pool depth and Ragnarok’s early access retention rates.