Stay Ahead of the Token Unlocks in May!
As a crypto investor, it’s crucial to stay informed about upcoming token unlocks. This May, several projects are set to unlock significant amounts of tokens, potentially impacting the market. Let’s dive into the details of the token unlocks scheduled for this month and what it could mean for the crypto space.
Memecoin (Memeland): May 3, $150 million
Memecoin, despite its name, is not your typical memecoin. The token belongs to 9GAG’s Memeland project and is gearing up to unlock 8.30% of its circulating supply, valued at around $150 million, on May 3. This unlock will also mark the beginning of regular unlocks for investors and advisors.
Aptos: May 12, $100 million
Aptos, one of the projects spearheaded by former members of Facebook’s Libra currency project, is planning to unlock another 2.65% of its circulating supply, which is equivalent to approximately $100 million. This unlock is scheduled for May 12 and comes at a time when Aptos is forging partnerships with major platforms like Microsoft.
Arbitrum: May 16, $100 million
Arbitrum, the project behind the recently launched Bounded Liquidity Delay (BOLD) on testnet, will unlock 3.5% of its circulating supply on May 16. The unlocked tokens are valued at around $100 million and are expected to bring significant changes to the project’s ecosystem.
Pyth Network: May 20, $1.25 billion
Pyth Network, a decentralized oracle service, is set to unlock a substantial amount of tokens worth $1.25 billion on May 20. This unlock will more than double Pyth’s circulating supply, providing rewards to ecosystem participants, protocol developers, and early backers.
Avalanche: May 22, $325 million
Avalanche, a Layer-1 network, will continue its regular emissions by unlocking 2.5% of its circulating supply, amounting to $325 million, on May 22. Recently, Avalanche revealed the community coins it holds, which are memecoins associated with the Avalanche community.
Other Significant Unlocks
- May 1: Decentralized exchange dYdX will unlock 10% of its circulating supply, valued at $71 million.
- May 15: Ethereum Layer-2 Starknet is set to unlock 8.8% of its circulating supply, with a current value of $80 million.
- May 17: Web3 gaming firm ImmutableX will unlock 1.75% of its circulating supply, amounting to $54 million.
Hot Take: Prepare for the Token Unlocks!
With multiple projects unlocking significant amounts of tokens in May, it’s essential to keep a close eye on these developments as they could impact the crypto market. Stay informed, stay prepared, and make well-informed decisions to navigate the changing landscape of tokenomics in the crypto space.
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