🔥 𝗣𝗬𝗧𝗛 𝗣𝗿𝗲𝗽𝗮𝗿𝗲𝘀 𝗳𝗼𝗿 𝗠𝗮𝘀𝘀𝗶𝘃𝗲 $𝟭.𝟮𝟰𝗕 𝗧𝗼𝗸𝗲𝗻 𝗨𝗻𝗹𝗼𝗰𝗸, 𝗗𝗼𝘂𝗯𝗹𝗶𝗻𝗴 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝘁𝗶𝗻𝗴 𝗦𝘂𝗽𝗽𝗹𝘆
As April winds down, the crypto market gears up to witness a significant influx of unlocked tokens worth billions of dollars from crypto projects like Pyth Network in May.
Token.Unlocks data shows dYdX (DYDX) has the earliest unlock schedule, with $69.33 million set to be released on May 1 for investors, founders, and future employees. Ethena, the team behind USDe stablecoin, will also unlock ENA tokens worth over $53.6 million on May 1.
Following closely is MEME, with a more substantial $136.87 million to be unlocked on May 3. Of this value, 3.45 billion MEME tokens valued over $88 million are slated for airdrop campaign. Advisors and investors will take the other half, $26.6 million and $21.33 million, respectively.
🔺 𝗠𝗘𝗠𝗘 𝗰𝗼𝗶𝗻 𝘂𝗻𝗹𝗼𝗰𝗸 𝘀𝗰𝗵𝗲𝗱𝘂𝗹𝗲 | 𝗧𝗼𝗸𝗲𝗻.𝗨𝗻𝗹𝗼𝗰𝗸
Meanwhile, Aptos (APT) will lead the unlock event in the second week of May. On May 12, the project will unlock an additional 2.65% of its circulating supply, amounting to 11.31 million APT tokens valued at approximately $101 million. Aptos has recently forged partnerships with major platforms like Microsoft to advance its Aptos Ascend program.
Arbitrum (ARB), the project that recently introduced Bounded Liquidity Delay (BOLD) on its testnet, will release 2.65 billion tokens into circulation on May 16. These tokens are currently valued at approximately $97 million.
Meanwhile, Pyth Network has the most staggering unlock schedule in May. On May 20, the project will release 2.13 billion PYTH tokens six months after its launch in November. These unlocked tokens will reward ecosystem participants, protocol developers, and early backers.
Notably, the unlock will significantly increase PYTH’s circulating supply, more than doubling the current circulating supply of 1.5 billion. At press time, the coming 2.13 billion PYTH tokens are valued at approximately $1.24 billion.
