Immutable

Pyth Network

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/major-crypto-tokens-scheduled-for-release" rel="noopener noreferrer nofollow">Major Crypto Tokens Scheduled for Release</a><br></p>
<p style="text-align: justify">In May, the <a href="https://en.bitcoinhaber.net/exploring-cryptocurrency-momentum-bitcoin-ethereum-and-solana-price-dynamics" rel="noopener noreferrer nofollow">cryptocurrency</a> sector is poised to witness the unlocking of assets valued at over $3.1 billion. This move involves significant blockchain entities like Sui and Pyth Network, each set to release tokens worth over a billion dollars. The practice of locking crypto tokens is predominantly aimed at ensuring the participants’ continued <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">investment</a> and interest in the projects, preventing early sell-offs that could destabilize the market dynamics.</p>
<h2 id="what-will-happen-in-may">What Will Happen in May?</h2>
<p style="text-align: justify">Sui is expected to release the highest number of tokens among the projects. On May 31, almost a billion tokens, valued at approximately $1.15 billion, will be unlocked from various stakeholders including Series A and B <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">investors</a>, early contributors, the Mysten Labs treasury, and the community reserve.</p>
<h2 id="noteworthy-events">Noteworthy Events</h2>
<p style="text-align: justify">Following Sui, Pyth Network is set to unlock the second largest batch of tokens on May 20, releasing over two billion tokens for purposes such as protocol development and ecosystem growth, valued at about $1.1 billion. Other projects like Avalanche, Aptos, Arbitrum, Starknet, Optimism, and Immutable are also gearing up for significant token releases, totaling an additional $700 million.</p>
<h3 id="user-usable-inferences">User-Usable Inferences</h3>
<ul style="text-align: justify">
 <li>Sui and Pyth Network’s large-scale token unlocks could lead to increased liquidity and potential short-term volatility in their respective tokens.</li>
 <li>Investors should monitor the market closely around the unlock dates for possible price fluctuations.</li>
 <li>Following token releases, there may be opportunities for buying or selling based on the market’s reaction to increased token circulation.</li>
</ul>
<p style="text-align: justify">As these tokens enter circulation, the market’s response will be crucial in determining the immediate financial landscape for these cryptocurrencies. Strategic investors and market watchers are advised to stay alert during this period. This series of unlocks underscores the vibrant and dynamic nature of the crypto market, presenting both opportunities and risks.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/major-crypto-tokens-scheduled-for-release" rel="noopener noreferrer nofollow">Major Crypto Tokens Scheduled for Release</a></h5>

Major Crypto Tokens Scheduled for Release

Table of Contents

BH NEWS

Other articles published on May 3, 2024

Bitcoin Hits a Wall: The $60K Resistance Lines It Can’t Surpass

US senators, FBI aren’t opposed to crypto privacy: Railgun contributor

Fantom Aims To Attract Memecoin Traders, Reserves $6.5M FTM: Report

Binance Bold Move TO Unveil Scam Apps In India With ED

Solana Price Prediction: SOL Pumps 11% As New ICO Sealana Bursts Out The Gate With $100K Fundraising

Dogecoin Rival Shiba Inu (SHIB) Completes Highly Anticipated Shibarium Hard Fork

Join our free newsletter for daily crypto updates!