This month, several cryptocurrency projects, including Aavo, Pyth Network, Memecoin, and Starknet, are gearing up for substantial token releases. These unlocks, according to Token Unlocks data, could potentially influence the market dynamics of these projects.
Memecoin (MEME) recently launched 5.31 billion tokens into circulation, making up roughly 31% of its total supply. At present, this release amounts to nearly $128 million in value.
May Token Releases: Aavo, Pyth Network, Starknet, and More
Aavo’s AAVO Token Release: On May 15, Aavo is set to unveil 827.6 million AAVO tokens, valued at approximately $1.1 billion. These tokens will be distributed among initial private sale investors, the team, DAO Treasury, and the remaining RNB in circulation, marking a significant step in the tokenomic transition process from RBN tokens to AEVO tokens.
Pyth Network’s PYTH Token Unlock: Following Aavo’s release, Pyth Network is preparing to unlock 2.13 billion PYTH tokens on May 20, with a value of $1.1 billion. These tokens will be allocated to data publishers, private sale investors, protocol development, and ecosystem growth, signifying a crucial milestone for Pyth Network’s expansion.
Starknet’s STRK Token Unlock: Starknet’s token unlock is scheduled for May 16, involving 64 million STRK tokens valued at approximately $82 million. These tokens will be distributed to the project’s early contributors and investors, marking a pivotal moment in Starknet’s development journey.
Other Notable Token Unlocks
Apart from the aforementioned projects, several others are also unlocking tokens in May. Aptos (APT) plans to release 11.31 million tokens on May 12, valued at $103 million. Arbitrum (ARB) will follow suit on May 16, unlocking 92.65 million tokens worth $99 million. Lastly, Avalanche (AVAX) is scheduled to release 9.54 million tokens on May 22, estimated to be worth around $338 million.
In Summary
In May, several cryptocurrency projects are releasing significant amounts of tokens. Aavo will launch 827.6 million AAVO tokens on May 15, valued at $1.1 billion, serving various purposes including private sale investors and team allocations. Following this, Pyth Network will unlock 2.13 billion PYTH tokens on May 20, worth $1.1 billion, aiding data publishers and ecosystem growth. Starknet’s token unlock on May 16 involves 64 million STRK tokens, valued at around $82 million, allocated for early contributors. Additionally, Aptos, Arbitrum, and Avalanche will release tokens in May, contributing to the broader crypto ecosystem.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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