Investor tokens are allocated to venture capital firms, angel investors, and other early backers who provided funding during the project's fundraising rounds. These tokens are typically purchased at a significant discount to the eventual public listing price.
Like team tokens, investor allocations are subject to vesting schedules, though they often have shorter vesting periods. Investors may receive 10-25% of the total supply, split across different funding rounds (seed, private, strategic) each with different pricing and vesting terms.
The unlock of investor tokens is a key event to monitor because early investors often have large unrealized gains and may sell to realize returns. The impact depends on the investor's strategy — some are long-term holders while others seek quick returns.