Brief Overview:
•In May 2024, tokens involving multiple crypto projects will be unlocked, with a total amount of US$3.58 billion.
•Pyth Network (PYTH) leads with $1.2 billion in PYTH token release in May.
•Other highlights included major token unlock events for Aevo (AEVO) and Avalanche (AVAX).
As May approaches, some cryptocurrency information websites have listed some important token unlocking events that will have an impact on the market. According to data provided by the TokenUnlocks website, it is expected that in May 2024, approximately $3.58 billion worth of tokens will be released and enter the market circulation.
With the massive influx of new liquidity, expect to cause volatility across different digital asset sectors, especially those projects that grabbed headlines in this month’s token unlock events, such as Pyth Network (PYTH), Aevo (AEVO), and Avalanche (AVAX). Token unlocking for these projects could have a significant impact on the market.
A major release for Pyth Network
Token unlocking is a critical turning point for the cryptocurrency market because it releases tokens that were previously not available to the public market, which often causes price fluctuations. The large number of tokens that will enter the market in the next month brings new opportunities for traders and investors, but also brings some challenges.
Leading the way is Pyth Network, which plans to unlock 2.13 billion PYTH tokens, worth approximately $1.24 billion, on May 20. The token release will be divided into several different categories:
1. Publisher Rewards: 537.5 million PYTH tokens will be distributed, valued at approximately $313.62 million.
2. Ecosystem Growth: 1.13 billion PYTH tokens will be received, equivalent to US$656.4 million.
3. Protocol Development: 212.5 million PYTH tokens will be allocated, valued at approximately $123.99 million.
4. Private Sale: 250 million PYTH tokens will be released, totaling approximately $145.87 million.
These unlocked tokens will be distributed according to a predetermined distribution plan and conditions, aiming to promote the further development and market circulation of the Pyth Network project.
“Buying in when a large number of tokens are sold off after they are unlocked could turn out to be one of the best deals on the market, especially considering the next round of token unlocking is 12 months away,” said a crypto researcher who goes by the pseudonym Gold.
Aevo is next
Aevo is next, with plans to release 827.6 million AEVO tokens on May 15, with a total market value of $1.24 billion. The details are as follows:
Initial private sale investors: will receive 172.97 million AEVO tokens, valued at approximately $259.45 million.
Team Allocation: Will consist of 215.04 million AEVO tokens, totaling approximately $322.56 million.
DAO Asset Reserve: will receive 336.59 million AEVO tokens, worth approximately US$504.88 million.
Remaining RBN in circulation: 103 million AEVO tokens will be distributed, valued at approximately $154.5 million.
The unlocking of AEVO tokens will involve multiple stakeholders, including early investors, the project team, the asset reserves of the decentralized autonomous organization (DAO), and distributions related to the remaining RBN in circulation (which may refer to some form of token or asset).
Avalanche's Planned Allocation
Avalanche also plans to conduct a major token release on May 22, when 9.54 million AVAX tokens worth $329.19 million will be released. The distribution plan includes:
1. Strategic partners: will receive 2.25 million AVAX tokens, worth approximately US$77.63 million.
2. Ecosystem Growth Plan: 1.67 million AVAX tokens will be distributed, valued at approximately $57.5 million.
3. Team members: will receive 4.5 million AVAX tokens, totaling approximately US$155.25 million.
4. Airdrop Allocation: 1.13 million AVAX tokens will be used for airdrop, with a value of approximately $38.81 million.
Avalanche's token unlocking this time will involve strategic partners, ecosystem growth plans, team members, and airdrop activities, aiming to promote the overall development and market circulation of the project through these different distribution methods.
$14.795 million in MEME tokens unlocked
Meanwhile, Memecoin is preparing for a major token unlock on May 3, 2024, which will include 5.31 billion MEME tokens, valued at approximately $147.95 million. The unlock structure is as follows:
1. Airdrop: 3.45 billion MEME tokens, valued at approximately $96.07 million, will be designated for the airdrop activity.
2. Advisory role: 1.04 billion MEME tokens, totaling approximately $28.82 million, will be used to recognize the contributions of advisory roles.
3. Investor distribution: Investors will receive 828 million MEME tokens, worth approximately US$23.06 million.
The unlocking of MEME tokens will be carried out through multiple channels such as airdrops, advisor rewards and investor allocations, aiming to promote community participation and further development of the project.
Aptos’ Strategic Allocation
Aptos plans to unlock 11.31 million APT tokens on May 12, 2024, with a total value of $102.01 million. The details of this unlocking include:
1. Foundation: will receive 1.33 million APT tokens, worth $12.03 million.
2. Community: will receive an allocation of 3.21 million APT tokens, worth $28.96 million.
3. Core Contributors: will receive access to 3.96 million APT tokens, valued at $35.7 million.
4. Investors: will receive an allocation of 2.81 million APT tokens, totaling $25.33 million.
This time, Aptos' token unlocking will involve the foundation, community, core contributors and investors, aiming to promote the overall development and market circulation of the project through these different distribution methods.
In addition, there were some smaller but equally significant token unlock events involving projects such as dYdX (DYDX), Sui (SUI), and Ethena (ENA).
These additional token unlocks are part of a broader trend of increased market liquidity, where increased token liquidity has fueled both enthusiasm for potential growth and cautious assessment of market impact. It is critical for investors to understand the specific details of each unlock. This includes the number of tokens released, their intended use, and overall market conditions at the time of the unlock.
As the market prepares for these and other unlocks, investors should maintain a strategy that considers the potential increase in token supply and the price movement that comes with it. Watching how these tokens fit into their respective ecosystems will be key.
As the market prepares for the unlocking of these and other project tokens, investors should develop a strategy that takes into account the increase in token supply and the resulting price movements. Keeping an eye on how these tokens fit into their respective ecosystems will be key. #代币解锁 #加密资产流通
