May 2024 Crypto Market Watch: $3.58 Billion Token Unlocks 😱

Crypto Market Set for Major Token Unlock Events in May 2024 📊

As May approaches, brace yourself for some significant token unlock events that will impact the crypto market. TokenUnlocks data reveals that around $3.58 billion worth of tokens will be released into circulation in May 2024. This influx of liquidity is expected to create ripples across various digital assets, especially Pyth Network (PYTH), Aevo (AEVO), and Avalanche (AVAX), which are the key players in this month’s token unlock events.

Pyth Network’s Major Release 🚀

On May 20, Pyth Network is set to unlock 2.13 billion PYTH tokens, valued at approximately $1.24 billion.

Publisher rewards account for 537.50 million PYTH worth $313.62 million.
Ecosystem growth will receive 1.13 billion PYTH, equivalent to $656.40 million.
Protocol development will get 212.50 million PYTH valued at $123.99 million.
Private sales will see the release of 250 million PYTH, amounting to $145.87 million.

“Buying after a lot of unlocked tokens are dumped here, could be one of the free-est trades around, especially since the next unlock will be after 12 months,” emphasized pseudonymous crypto researcher Gold.

Aevo Steps Up 🌟

On May 15, Aevo will release 827.6 million AEVO tokens, totaling $1.24 billion in market value.

Initial private sale investors will claim 172.97 million AEVO worth $259.45 million.
The team allocation comprises 215.04 million AEVO, totaling $322.56 million.
The DAO treasury will receive an allotment of 336.59 million AEVO, worth $504.88 million.
103 million AEVO worth $154.50 million for other purposes.

Avalanche’s Scheduled Distribution 💰

On May 22, Avalanche will release 9.54 million AVAX tokens valued at $329.19 million.

Strategic partners will receive 2.25 million AVAX, worth $77.63 million.
Ecosystem growth initiatives will receive an allotment of 1.67 million AVAX, valued at $57.50 million.
Team members will access 4.50 million AVAX, totaling $155.25 million.
An allocation of 1.13 million AVAX, worth $38.81 million, for airdrop.

$147.95 Million of MEME Token Unlock 🚀

On May 3, 2024, Memecoin will unlock 5.31 billion MEME tokens valued at approximately $147.95 million.

3.45 billion MEME, worth $96.07 million, designated for airdrop.
Advisory roles recognized with 1.04 billion MEME, amounting to $28.82 million.
Investors allocated 828 million MEME, valued at $23.06 million.

Aptos’ Strategic Allocation 💡

On May 12, 2024, Aptos will unlock 11.31 million APT tokens with a total value of $102.01 million.

The foundation will receive 1.33 million APT worth $12.03 million.
The community will receive 3.21 million APT, valued at $28.96 million.
Core contributors will gain access to 3.96 million APT, worth $35.70 million.
Investors will receive 2.81 million APT, totaling $25.33 million.

Prepare for other token unlocks from dYdX (DYDX), Sui (SUI), and Ethena (ENA) as well.

Stay informed and watch how these tokens integrate into their ecosystems to make informed investment decisions 📈

Hot Take: Stay Updated and Plan Your Strategy Wisely 🚨

Keep an eye on these token unlock events as they unfold and adjust your investment strategy accordingly to navigate the market volatility ahead. Being well-informed and proactive will be key to maximizing opportunities and managing risks effectively. Happy investing!