GRASS token price jumped 10% on July 8 after plunging 35% the previous day following the Grass Foundation's Token Holder Call. The rebound brought the token to roughly $0.39, with a market cap near $94 million and 24-hour volume close to $47 million. The pre-call rally of nearly 60% had set up a classic "sell the news" reaction, which materialized sharply before buyers stepped in.
Holder Call Reveals USDC Payouts, In-App Wallet, and $10.25M Unlock
During the July 7 call, the Grass Foundation laid out Stage 2 details: rewards will be paid in USDC instead of GRASS tokens, citing regulatory uncertainty and the need for cross-jurisdictional accessibility. A non-custodial in-app wallet (secured by passkey or email OTP) is set to launch in mid-July and will be required for claims. The foundation also confirmed a token unlock of approximately $10.25 million expected around July 22.
Price Action: From Pre-Call Pump to Sell-the-News Crash
In the days leading up to the call, traders bid GRASS up nearly 60% from lows, reaching around $0.60, fueled by speculation around a revenue-sharing vote and Stage 2 news. The call itself, however, was interpreted as a letdown, triggering a 30-35% drop within 24 hours to $0.35. The next day saw a 10% recovery to $0.385-0.39. The token remains roughly 90% below its all-time high of $3.89.
Community Outrage: Single-Digit Payouts vs. $75M+ Revenue
Social media erupted with criticism. Multiple long-running node operators—some active for nearly two years—reported Stage 2 estimates in the single-to-low-double-digit dollar range. Unconfirmed claims from the X account CryptoLakhan (treat as community commentary, not verified reporting) allege the Grass network generated over $75 million in revenue over six months, while many node runners received only a few dollars. Some compared the program unfavorably to a pyramid scheme, and complained that community feedback was dismissed or even mocked during the call.
Stage 2 Claim Details and Security Warnings
Eligibility covers Epochs 1-19 (October 14, 2024 to June 8, 2026). Claiming opens July 22, 2026 at 1:00 PM EST via the dashboard, with a final deadline of January 22, 2027—unclaimed rewards expire with no grace period. The foundation stresses that the only official checker is at app.grass.io/dashboard; the new wallet will never message users first and will never ask for a seed phrase or private key.
What to Watch: Larger Season 2 Distribution Still Pending
The July 22 claim launch will be the real test of sentiment. If USDC payouts land higher than current low-dollar estimates, some backlash could ease; if not, selling pressure may persist. Traders are also eyeing whether the revenue-sharing vote leads to an actual buyback or staking mechanism, and how the $10.25 million unlock interacts with claim-driven selling. A separate, larger Season 2 token distribution—community estimates peg it at roughly 170 million GRASS (17% of total supply)—is expected later in H2 2026, though no date is confirmed yet.