Scroll's native governance token, SCR, launched with an initial market cap of $212 million, and aims to evolve into a protocol utility token as decentralization progresses.
Despite its launch, SCR faced backlash over token allocation, particularly the decision to allocate 5.5% of the total supply to Binance for Launchpool users, fueling initial criticism.
After debuting at $1.40, SCR fell to about $1.10, reflecting market skepticism tied to pre-launch controversies, including airdrop distribution from which founders and team members were excluded.
With over 200,000 holders and 500,000 transfers within its first day, SCR demonstrates strong trading volume and liquidity, although it struggled to overcome early negative sentiment.
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