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3 Billion Dollar Token Unlocking Awaits May
Avalanche will release 9.54 million AVAX tokens ($329.19 million) on May 22. These tokens will be airdropped to the team, foundation, strategic partners, as well as 1.13 million AVAX ($38.81 million).
Memecoin (MEME) will also release 5.31 billion MEME tokens ($147.95 million) on May 3. It will also release 49.47 MEME tokens ($1.38 million) per day for the next 184 days. The majority of the abyss unlock will be released as an airdrop. Linear unlocking, on the other hand, will mostly flow to the ecosystem and investors.
Ethereum L2 Arbitrum will unlock 92.65 million ARB ($103.76 million) on May 16. All of this will go to the team, advisors and investors.
However, Aptos will unlock 11.31 APT ($102.1 million) on May 12 for the foundation, community, core contributors, and investors.
Finally, the Bored Ape-themed ApeCoin will release 15.6 million APE ($19.97 million) on May 17, which will mostly go to the treasury and Yuga Labs, according to TokenUnlocks.
