Token

Aptos

April

Pyth Network

<ul class="news-points">
 <li>In May, crypto projects are poised for a token unlock surge, with billions of tokens set for release.</li>
 <li>DYDX, Ethena, and MEME will unlock over $200 million in the first week of May.</li>
 <li>PYTH will double its circulating supply with $1.24B tokens distributed to ecosystem participants.</li>
</ul>
As April winds down, the crypto market gears up to witness a significant influx of unlocked tokens worth billions of dollars from crypto projects like Pyth Network in May.&nbsp;
Token.Unlocks data shows dYdX (DYDX) has the earliest unlock schedule, with $69.33 million set to be released on May 1 for investors, founders, and future employees. Ethena, the team behind <a href="https://coinedition.com/ethenas-usde-now-real-threat-to-makers-dai-coinbase-analyst/" rel="noopener noreferrer nofollow">USDe stablecoin</a>, will also unlock ENA tokens worth over $53.6 million on May 1.
Following closely is MEME, with a more substantial $136.87 million to be unlocked on May 3. Of this value, 3.45 billion MEME tokens valued over $88 million are slated for airdrop campaign. Advisors and investors will take the other half, $26.6 million and $21.33 million, respectively.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/LwuvJIQ8hVrKC8qzc29pzN1r_E169oHsD82a8aiyhdFUjnvIp_CsvSG7Id_LyzNOFi2zKIWnSD-hfSMN8Rs3nw29K5Oc_6ISE_9yHag3_2gmuv0NZPdQwlGux-OF4n7xE_bn8qZrMoAwm0LJJ35bv1w" alt="">
</figure>
MEME coin unlock schedule | <a href="https://token.unlocks.app/memecoin-2" target="_blank" rel="noopener noreferrer nofollow">Token.Unlock</a>
Meanwhile, Aptos (APT) will lead the unlock event in the second week of May. On May 12, the project will unlock an…
The post <a href="https://coinedition.com/pyth-prepares-for-massive-1-24b-token-unlock-doubling-circulating-supply/" rel="noopener noreferrer nofollow">PYTH Prepares for Massive $1.24B Token Unlock, Doubling Circulating Supply</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

PYTH Prepares for Massive $1.24B Token Unlock, Doubling Circulating Supply

Coin Edition

Other articles published on Apr 29, 2024

Peter Brandt Hints BTC Has Peaked, Predicts 35k Price Range Decline

Top Solana Meme Coin Dogwifhat (WIF) Skyrockets 1,481% in Major Exchange Listing Anomaly

How Cryptocurrency Markets Respond to Economic Signals

Shiba Inu (SHIB) Team Gives Crucial Statement on ShibaSwap and Shibarium

The Bitcoin Therapist Shared Cryptocurrency Investment Journey

Crypto on track to hit 1B users by end of 2025 — Analyst

Join our free newsletter for daily crypto updates!