Deep Dive
1. Token Unlocks & Vesting Schedules (Bearish Impact)
Overview:
21.56% of MORE’s supply (215.6M tokens) is allocated to private investors, with a 9-month cliff ending March 2026 followed by 30-month linear vesting. Team (14.94%) and advisor (3.5%) tokens remain locked until June 2026.
What this means:
Post-cliff unlocks could flood the market with ~8.6M tokens monthly starting March 2026. With current circulating supply at 179.9M, this represents ~4.8% monthly dilution risk. Historical data shows similar vesting schedules (e.g., Axie Infinity’s 2021 unlocks) often precede price corrections of 20-40% during initial distribution phases.
2. Gaming Ecosystem Expansion (Bullish Impact)
Overview:
Bushwhack (stealth-action royale) enters alpha in Q3 2025, while Flaming Pets—a fully onchain multiplayer game—tests Moonveil’s L2 scalability. Seven titles now span casual (Puffy Mini series) and mid-core genres.
What this means:
Successful game launches could replicate July 2025’s 540% price surge when AstrArk’s beta drove 871K wallet interactions. However, Web3 gaming tokens like GALA and SAND typically see 30-50% volatility around major releases, requiring sustained player engagement to maintain gains.
3. Staking Dynamics (Mixed Impact)
Overview:
Moonveil’s staking platform launches September 4, 2025, offering rewards for locking MORE. Current APYs are unconfirmed, but similar GameFi projects like Illuvium offer 8-15% annually.
What this means:
Effective staking could reduce sell pressure by locking ~20-30% of circulating supply (based on Axie’s 2022 precedent). However, if yields underperform rivals like Parallel’s 22% APY, it may fail to offset vesting-related sell pressure.
Conclusion
MORE’s trajectory hinges on balancing vesting overhangs with real utility from its gaming ecosystem. While mid-term catalysts like Bushwhack’s launch could reignite speculative interest, the March 2026 unlock remains a structural headwind.
Will Moonveil’s player growth outpace its token supply expansion? Monitor daily active wallets via Moonveil’s dashboard and vesting schedules in their whitepaper.