According to @secondswap_io, 16.27% of the 25% presale allocation is locked in a Lockbox and can only be released via governance, which limits early sell pressure and strengthens scarcity, source: @secondswap_io. The remaining 8.73% of the presale allocation is unclaimed and currently locked, restricting immediate circulating supply from presale participants, source: @secondswap_io. For traders, this lock structure reduces near-term float and dampens initial sell-side liquidity in line with the stated design goal to curb early selling, source: @secondswap_io.