Bitway Unlocks 101.63 Million BTW Worth $109.66 Million on Nov. 2

Bitway Releases 101.63 Million BTW Today

Bitway's scheduled November release went live on Monday, November 2, placing 101.63 million BTW into circulation in a single step. The tokens carry a release valuation of $109.66 million and equal 3.37% of the circulating supply, which the project's schedule records at 3.01 billion BTW against a total supply of 10 billion. Within the day's release, community allocations take the largest share at 60.17 million BTW, roughly 59% of the tranche, with ecosystem allocations receiving the remaining 41.46 million tokens. That split shapes how the new supply enters the market: community tokens reach a broad holder base, while ecosystem allocations typically move under program schedules rather than open-market sales, and both feed the liquidity pools that set BTW's trading depth. The release follows the vesting schedule published for the network's early allocations, with the November 2 date marking the point at which the locked tranche converts into freely tradable supply. Market data shows BTW down 16.7% over the past 24 hours, a decline that lands on the same day the float expanded. The token had earlier hit a record high of $2.75 before settling closer to $2.37, so the release arrives after a stretch of drawdown from the peak. The unlock also opens a week in which more than $879.9 million in tokens across major projects is scheduled to reach circulation, and the Bitway figure stands as the largest single-day value among the unlocks listed for the period. Verification is the open item: the unlock transactions are still pending on-chain confirmation, so the published figures stand as projections until the transfer data confirms them. COINOTAG's BTW technical analysis tracks the levels traders are watching while that confirmation is outstanding.

Bitway Labs and the BTW Supply

Bitway is a proof-of-stake Layer-1 blockchain built for compatibility with Bitcoin, developed by Bitway Labs, the company previously known as Side Protocol. Its native token BTW carries three functions inside the network: staking, gas fees, and governance, which makes the circulating float directly relevant to how the chain is secured and how its governance token system operates. With 3.01 billion BTW circulating against a 10 billion total, just under a third of the supply has reached the market so far, and Monday's 3.37% step is one of the larger single-day increases in that build-out. The distribution of this specific release leans to the community side: at 60.17 million BTW, community allocations take roughly 59% of the day's tokens, with 41.46 million going to ecosystem allocations. Holders receiving community tokens through their crypto wallets decide individually whether to stake, spend, or sell, which is the practical difference between a community-weighted release and a team-weighted one. Because staking is a core use of the token, a share of the unlocked BTW can move into staking positions rather than onto order books, a path that moderates immediate sell pressure. The week's calendar frames the size: more than $879.9 million in tokens from major projects is set to reach circulation in the first week of November. Kite follows on Tuesday, November 3 with 640 million KITE worth $78.30 million, and Hyperliquid's team unlocks 180,000 HYPE worth $15.72 million on Friday, November 6, per the published schedule. The near-term question for traders is absorption: whether staking demand and liquidity across the best crypto exchanges take in the added 101.63 million BTW, or whether the extra float pressures the price while the market digests the week's aggregate supply. On-chain verification of the unlock remains the gating fact before any of that plays out.

Where the New Supply Lands

The structure of this release puts the absorption test in many hands at once. With roughly 59% of the 101.63 million unlocked BTW routed to community allocations, the float expansion spreads across a wide holder base rather than concentrating in program treasuries, which usually means steadier but harder-to-track selling behavior. The 16.7% daily decline suggests the market had already started pricing that supply, though the unlock's figures remain projections until on-chain confirmation lands. The schedule gives the clearest guide from here: once Monday's step clears, the 3.01 billion circulating base becomes the reference point for the next release's percentage, and each tranche's community-versus-ecosystem split will set the pace at which new BTW reaches open markets.