What Is the Risk to the Treasury If Vesting Tokens Are Not Properly Accounted for in the Circulating Supply?

If vesting tokens are not accurately tracked, the treasury might underestimate the true circulating supply and the potential sell pressure that will hit the market upon release. This can lead to poor financial planning, overestimation of the token's market capitalization, and ineffective liquidity management.

When the tokens suddenly unlock, the unexpected supply shock can cause a significant price drop, devaluing the treasury's remaining holdings.