Aevo and Pyth lead May’s $3 billion crypto token unlock wave

Aevo and Pyth lead May’s $3 billion crypto token unlock wave
фото показано с : cryptoslate.com

2024-5-1 11:06

The crypto market will experience its second token unlock of over $3 billion for this year in May, according to Token Unlocks data.

Token unlocks involve the gradual release of coins initially held to discourage early investors or team members from rapidly selling their large-volume holdings. This process has consistently wielded considerable influence over the broader market conditions by amplifying the selling pressure on a digital asset.

Pyth, Aevo leads with over $1 billion unlock.

Two major players, Aevo and Pyth, lead the significant May token unlock, each set to release over $1 billion worth of tokens.

Aevo is gearing up to release 827.6 million tokens valued at $1.257 billion, marking an astounding 758% increase in its current supply. This unlock is slated for May 15.

Furthermore, the Layer-2 DEX roll-up will release 6.13 million AEVO tokens daily into circulation between May 16 and May 24. These tokens will primarily enter the DAO treasury, early private sale investors, and the project team.

On the other hand, Pyth Network, a decentralized oracle service provider built on Solana, plans to more than double its circulating token supply by unlocking 2.13 billion tokens worth approximately $1.25 billion on March 20.

This token unlock marks Pyth’s first release since its launch last November. The event aims to incentivize ecosystem participants, protocol developers, and early supporters.

Avalanche, others follow.

Beyond these mammoth unlocks, numerous other projects are gearing up for token releases in May.

Avalanche, a Layer 1 blockchain, will launch 9.54 million AVAX tokens valued at $332 million on May 22. Interestingly, this marks the second major token release for the blockchain network this year.

DeFi protocol dYdX will unlock 33.33 million tokens, representing 10% of its circulating supply valued at $71 million today. Similarly, USDe issuer Ethena will release approximately 4% of its circulating supply, equivalent to 53.6 million ENA tokens, on the same day.

Further, Memecoin is preparing to release 5.31 billion MEME tokens into circulation, amounting to $141 million and representing 31.92% of the token’s circulating supply.

Additional projects with scheduled unlock for this month include several Ethereum layer-2 networks like Arbitrum, Optimism, and Starknet.

The post Aevo and Pyth lead May’s $3 billion crypto token unlock wave appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Waves Community Token (WCT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 1.05 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 10m WCT

token crypto billion unlock may unlocks early

token crypto → Результатов: 126


Spiking.io AI Crypto Trading App Finishes Second Private Sale for ICO Token

Spiking, which is a startup blockchain asset-validation and AI-powered crypto trading platform, completed a second private sale in its early ICO offering. The token buyers in this private sale included entities such as CRC Capital, Jove Capital, Mars Blockchain, and prominent investors like Rune Evensen, James Sowers, and Dr. William Nguyen. More About Recent Advances […]

2018-10-3 19:24


Today’s Top Bitcoin News and Cryptocurrency Headlines for October 2 [VIDEO]

Emergent Technology (EmTech) Uses Blockchain for Gold Tracking and G-Coin Crypto Token Emergent Technology (EmTech) Uses Blockchain for Gold Tracking and G-Coin Crypto Token Crypto Trading Fraud Suspect Alexander Vinnik Interrogated by French Detectives Crypto Trading Fraud Suspect Alexander Vinnik Interrogated by French Detectives BTC Developer Luke-jr Attempts to Call out BCH's Roger Ver, But […]

2018-10-3 01:53


Фото:

How BAT Could Re Vamp Privacy Laws In The United States

Basic Attention Token, the native token to the Brave project and the token designed to fully incentivise the consumption of fair advertising. According to reports, the CEO of Brave, Brendan Eich has written to the US Senate Committee on Commerce, Science and Transportation in order to address some of the concerns he has regarding the current privacy laws in the United States.

2018-10-2 16:00


Фото:

The Ever Expanding NEO Ecosystem Continues To Grow With New Token Additions

Whilst you may see NEO as a little stagnant at the moment, the actual NEO ecosystem is seeing fantastic growth. At the time of writing, NEO is valued at just $18. 54, down 1. 28% from yesterday. Ranked 14th for market cap according to Coinmarketcap, NEO is slowly slipping back into the background, though with the addition of another two tokens onto the NEO ecosystem, we could see NEO take a sudden change in direction.

2018-10-2 15:00


Фото:

Ripple Opens Swell With Another Flip and Another Release

Say what you like about the folks at Ripple Labs, but they sure know how to organize a party. The creators of the XRP token are expected to open the annual Swell conference in San Francisco with several major deliveries, including a keynote speech from a former president, another jump in market cap rankings and new […] The post Ripple Opens Swell With Another Flip and Another Release appeared first on Crypto Briefing.

2018-10-2 17:44


German Firm Dealing In Rare Crystalized Metal Osmium Set to Release its OiCoiN Crypto Token for Backers

The profoundly reputed German firm, famed for dealing in rare crystalized metal Osmium is releasing a revenue share crypto token for its backers. A Rare Metal The rare and dense metal is initially created in Switzerland but shipped into Germany for effective distribution for global consumption by the German Osmium institute, a body responsible for […] The post German Firm Dealing In Rare Crystalized Metal Osmium Set to Release its OiCoiN Crypto Token for Backers appeared first on ZyCrypto.

2018-10-1 18:48