[AEVO and PYTH will each inject more than $1 billion into the crypto market in May]
According to data from Token Unlock, more than 20 crypto projects will release tokens worth more than $1 billion in May, and a total of $3.661 billion will flow into the market. Major projects releasing tokens include DYDX, ENA, SUI, MEME, GAL, MAVIA, APT, STRK, AEVO, ARB, APE, IMX, ROSE, PIXEL, PYTH, AVAX, ID, YGG, OP and PRIME.
Of particular concern are two large-scale token release events. The Aevo decentralized exchange will release 827.6 million AEVO tokens on May 15, with a market capitalization of over $1.25 billion, which is 757.95% of its existing circulating supply. Another major release is Pyth Network’s PYTH, scheduled for release on May 20th.
