In May, cryptocurrencies worth $3.66 billion will be unlocked.

Renowned cryptocurrency market analyst Colin Wu discussed token unlocks in May 2024. According to TokenUnlocks, "major unlocks" exceeding $10 million will occur for more than 20 prominent cryptocurrency projects, including $DYDX , $ENA , $SUI , MEME, GAL, MAVIA, APT, STRK, AEVO, ARB, APE, IMX, ROSE, PIXEL, PYTH, AVAX, ID, YGG, OP, PRIME, and others.

Next month, cryptocurrencies worth over $3.66 billion at the current exchange rate will be unlocked. It's worth noting that the value of the new AEVO and PYTH tokens will exceed $1 billion. The first procedure will take place on May 15, while a similar unlock for the 2nd digital currency will occur on the 20th. Additionally, on May 22, AVAX tokens worth over $332 million will enter circulation.

Token unlocking and vesting are mechanisms used for the gradual release or thawing of digital assets over a specific period. It's a practice that controls the availability and distribution of cryptocurrencies to owners or the project team.

During token unlocking, a certain portion of assets becomes available for use or sale over specific time periods. This approach helps prevent mass sell-offs, which could significantly impact the market and token demand.

Vesting may also be associated with various conditions such as time, achievement of specific goals, level of involvement, and other factors. It's often applied to tokens received by project teams or consultants as a reward for their contributions and participation in startup development. This helps ensure long-term interest and motivation among participants. These mechanisms are used to control and manage token distribution, balancing the interests of all parties and ensuring market stability.

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