Unlock refers to the release of tokens that were previously locked based on conditions from investment rounds or other funding programs.

Typically, the team carefully considers tokenomics to avoid putting significant selling pressure at various #unlock stages and potentially crashing the token price. However, certain factors such as insufficient liquidity or early investors locking in profits right after token unlocking can significantly impact the asset's prices.

3 unlocks to watch this week

Pyth Network (PYTH)

  • Unlock Date: May 20

  • Number of Unlocked Tokens: 2,130,000,000 PYTH

  • Current Circulating Supply: 1,500,000,000 PYTH

Pyth Network is a blockchain oracle system that collects real-time cryptocurrency price data and adds it to blockchain networks. This enables users to easily track cryptocurrency markets and create smart contracts that respond to asset price changes.

The maximum supply of PYTH is 10 billion tokens. On May 20, the project team will unlock 2.13 billion tokens to distribute among private sale participants, publishers, and protocol developers.

Space ID (ID)

  • Unlock Date: May 22

  • Number of Unlocked Tokens: 18,490,000 ID

  • Current Circulating Supply: 430,506,132 ID

Space ID is a universal decentralized identification protocol that links people, assets, and applications across various blockchains. The platform allows the use of a single domain name to represent one's identity across all individual dApps and networks. On May 22, the project will unlock over 18 million ID tokens, which will be distributed among the Space ID fund and airdrop participants.

Avalanche (AVAX)

  • Unlock Date: May 22

  • Number of Unlocked Tokens: 9,540,000 AVAX

  • Current Circulating Supply: 382,775,370 AVAX

Avalanche is an open-source platform for launching decentralized applications and deploying public and private blockchains within a single scalable ecosystem. The AVAX token is used to pay fees and settle transactions in Avalanche subnets. The asset can also be staked with an annual yield of 11%.

At the end of May, the circulating supply of AVAX will increase by more than 9 million tokens, which will be distributed among strategic partners, the Avalanche fund, the project team, and airdrop participants.

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