๐ฅ ๐ฃ๐ฌ๐ง๐ ๐ฃ๐ฟ๐ฒ๐ฝ๐ฎ๐ฟ๐ฒ๐ ๐ณ๐ผ๐ฟ ๐ ๐ฎ๐๐๐ถ๐๐ฒ $๐ญ.๐ฎ๐ฐ๐ ๐ง๐ผ๐ธ๐ฒ๐ป ๐จ๐ป๐น๐ผ๐ฐ๐ธ, ๐๐ผ๐๐ฏ๐น๐ถ๐ป๐ด ๐๐ถ๐ฟ๐ฐ๐๐น๐ฎ๐๐ถ๐ป๐ด ๐ฆ๐๐ฝ๐ฝ๐น๐
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.
๐บ ๐ ๐๐ ๐ ๐ฐ๐ผ๐ถ๐ป ๐๐ป๐น๐ผ๐ฐ๐ธ ๐๐ฐ๐ต๐ฒ๐ฑ๐๐น๐ฒ | ๐ง๐ผ๐ธ๐ฒ๐ป.๐จ๐ป๐น๐ผ๐ฐ๐ธ
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 PYTHโs 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.
