- May will see over $3.1 billion in vested crypto assets released, with Sui and Pyth Network unlocking over $1 billion each.
- Vested tokens help ensure long-term project commitment by preventing early sell-offs from investors and team members.
- Apart from Sui and Pyth, several other major crypto projects like Avalanche and Optimism will also release significant token amounts.
This May, the cryptocurrency sector is set to experience a significant influx of tokens, as projects release over $3.1 billion worth of vested crypto assets. Sui and Pyth Network lead the charge, each planning to unlock over $1 billion in tokens.
Sui’s Major Token Release
Sui, a layer-1 blockchain platform, is slated to release the largest batch of tokens, valued at approximately $1.15 billion. This release will include tokens for Series A and Series B investors, early contributors, the Mysten Labs treasury, and its community reserve, scheduled for May 31. The unlocking of these tokens is a critical part of Sui’s strategy to maintain long-term engagement and growth within its ecosystem.
Pyth Network’s Unlocking Event
Following closely, Pyth Network, a market data platform, will unlock over two billion tokens on May 20. These tokens, currently valued at about $1.1 billion, are designated for protocol development, ecosystem expansion, publisher rewards, and private sale investors. This substantial release underscores Pyth Network’s commitment to fostering growth and rewarding early backers and participants.
Other Significant Unlocks
In addition to Sui and Pyth, several other prominent projects are set to release substantial token amounts:
- Aptos will unlock 11.3 million APT tokens valued at $101 million on May 12, targeting its foundation, community, core contributors, and investors.
- Avalanche plans to release 9.5 million AVAX tokens worth approximately $321 million on May 22 for its strategic partners, foundation, team, and airdrop recipients.
- Arbitrum is scheduled to release tokens worth $95 million on May 16, aimed at supporting its team and investors.
- Starknet and Immutable will unlock $84 million and $56 million in tokens on May 15 and May 17, respectively, directed towards investors and project development.
- Optimism prepares to unlock 24.1 million OP tokens, approximately $70 million in value, on May 29 for further ecosystem support.
These planned releases reflect a strategic approach to token distribution, aimed at ensuring the stability and long-term viability of these blockchain projects. As the crypto community watches these unlocks, the impact on individual token prices and overall market dynamics will be closely monitored.
