đBULL or BEAR? Watchout for These 3 Token Unlocks This Weekđ
Token unlocks release previously restricted tokens, carefully scheduled to avoid market pressure and prevent price drops. However, factors like low liquidity or early profit-taking can significantly affect token prices. Here are 3 major token unlocks to watch this week! đ
đź Pyth Network (PYTH)
Unlock Date: May 20
Tokens Unlocked: 2.13 billion PYTH
Current Circulating Supply: 1.5 billion PYTH
Pyth Network is a decentralized oracle providing real-time financial market data for blockchain applications. With a max supply of 10 billion, Pyth will unlock 2.13 billion tokens on May 20, surpassing the current circulating supply. Around 800 million will go to private sale participants and publishers, while the rest supports protocol development and ecosystem growth. đŹPyth unlock worth $910M is on 20th May. 141.67% of current supply is being unlocked.
âïž Avalanche (AVAX)
Unlock Date: May 22
Tokens Unlocked: 9.54 million AVAX
Current Circulating Supply: 382.77 million AVAX
Avalanche is a high-performance blockchain platform for creating and deploying dApps and custom blockchain networks. On May 22, over 9 million AVAX tokens will be unlocked and distributed among strategic partners, the Avalanche Foundation, the team, and airdrop participants.
đ Space ID (ID)
Unlock Date: May 22
Tokens Unlocked: 18.49 million ID
Current Circulating Supply: 430.5 million ID
Space ID is a decentralized identity protocol that helps users manage their online identities across multiple blockchain platforms. On May 22, 18 million ID tokens will be added to the circulating supply, mainly going to the Space ID Foundation, the ecosystem fund, and airdrop participants.
đ Insights
While token unlocks can be bearish, a well-planned schedule aligned with project milestones can boost long-term viability. These unlocks motivate team members, engage the community, and promote ecosystem growth. Keep an eye on these dates for potential market moves! đ đ
