Aptos

Million

Aevo

Avalanche

Pyth Network

<p>In May 2024, four notable projects in the top 30 crypto rank by market cap are set to undergo notable token unlocks, which could lead to increased selling pressure and price fluctuations, according to YouTuber <a href="https://www.youtube.com/@AltcoinBuzz" target="_blank" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>
<h2 class="wp-block-heading" id="aptos-apt-11-31-million-tokens-unlocked-on-may-12">Aptos (APT): 11.31 Million Tokens Unlocked on May 12</h2>
<p><a href="https://coinmarketcap.com/currencies/aptos/" target="_blank" rel="noopener noreferrer nofollow">Aptos (APT)</a> unlocked 11.31 million APT tokens on May 12 as part of its structured monthly unlock schedule. This unlock is worth approximately $96.41 million, a reduction from the previous six months, which saw 24.84 million tokens unlocked per month. The beneficiaries of this unlock include:</p>
<ul>
 <li>Aptos Foundation: 1.33 million APT</li>
 <li>Community: 3.21 million APT</li>
 <li>Core Contributors: 3.96 million APT</li>
 <li>Investors: 2.81 million APT</li>
</ul>
<p>It is important to note that there are still more Aptos airdrops in the making, and investors are advised to follow the project’s social media and complete tasks using best practices and burner wallets to qualify.</p>
<h2 class="wp-block-heading" id="aevo-80-token-unlock-on-may-15">Aevo – 80% Token Unlock on May 15</h2>
<p><a href="https://coinmarketcap.com/currencies/aevo/" target="_blank" rel="noopener noreferrer nofollow">Aevo</a> is set to unlock 80% of its tokens (812.66 million AEVO) on May 15, worth approximately $1 billion. This unlock follows a previous 12% unlock on March 13, which saw 122 million tokens (worth $150 million) hit the market. Additionally, over the next 9 days after the May 15 unlock, Aevo will unlock 6.13 million AEVO per day, worth $8.1 million per day, bringing the project to 100% unlocked status.</p>
<p>Given the scale of this unlock event, investors and the team are likely to cash in, putting further downward pressure on the price. The allocations for this unlock event are as follows:</p>
<ul>
 <li>Initial Private Sale Investors: 172.72 million AEVO</li>
 <li>Team: 336.00 million AEVO</li>
</ul>
<h2 class="wp-block-heading" id="pyth-network-pyt-2-13-billion-tokens-unlock-on-may-20">Pyth Network (PYT) – 2.13 Billion Tokens Unlock on May 20</h2>
<p><a href="https://coinmarketcap.com/currencies/pyth-network/" target="_blank" rel="noopener noreferrer nofollow">Pyth Network (PYT)</a> is having a substantial token unlock on May 20. A total of 2.13 billion PYT, worth approximately $1.07 billion at the current price, will be unlocked. This unlock is even larger than the previous event on November 20, 2023, which saw 1.5 billion tokens (worth about $1 billion at the time) unlocked during the token generation event and massive airdrop.</p>
<p>After this unlock, the next unlock is scheduled for a year later. Given the size of this unlock, it is expected that the price of Pyth will drop. The allocations for this unlock are:</p>
<ul>
 <li>Publisher Reward: 537.5 million PYT</li>
 <li>Ecosystem Growth: 1.13 billion PYT</li>
 <li>Protocol Development: 212.5 million PYT</li>
 <li>Private Sales: 250 million PYT</li>
</ul>
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<h2 class="wp-block-heading" id="avalanche-avax-9-54-million-tokens-unlock-on-may-22">Avalanche (AVAX) – 9.54 Million Tokens Unlock on May 22</h2>
<p><a href="https://coinmarketcap.com/currencies/avalanche/" target="_blank" rel="noopener noreferrer nofollow">Avalanche (AVAX)</a> is set to undergo its second-last bigger quarterly unlock on May 22. A total of 9.54 million AVAX, worth approximately $354.13 million at the current price will hit the market. These quarterly unlocks, which started in December 2021, will become smaller after September 2023.</p>
<p>Interestingly, during the last four unlocks, there was hardly any negative impact on the price of AVAX. Despite the current bull run and recent profit-taking, it is expected that this unlock event will have a lesser impact on the price of AVAX compared to the other projects on this list. The token allocations for this unlock are:</p>
<ul>
 <li>Strategic Partners: 2.25 million AVAX</li>
 <li>Foundation: 1.67 million AVAX</li>
 <li>Team: 4.5 million AVAX</li>
 <li>Airdrop: 1.13 million AVAX</li>
</ul>
<h2 class="wp-block-heading" id="potential-impact-on-prices">Potential Impact on Prices</h2>
<p>Altcoin Buzz, believes that these token unlocks could lead to a significant price drop for the respective cryptocurrencies. Investors, special interests, and team members may choose to sell their tokens once they become available, increasing market selling pressure.</p>
<p>In the case of Aevo, the YouTuber expects the price to go lower due to the massive unlock event, which will see 80% of the tokens hit the market on May 15, followed by daily unlocks over the next 9 days. This heavy unlock schedule is likely to negatively impact the price as investors and the team cash in on their holdings.</p>
<p><strong><em>Read more:&nbsp;<a href="https://captainaltcoin.com/whales-cash-in-on-tellor-trb-surge-amid-bullish-market-trends/" target="_blank" rel="noopener noreferrer nofollow">Whales Cash In on Tellor (TRB) Price Surge Amid Bullish Market Trends</a></em></strong></p>
<p>For Pyth Network (PYT), he also anticipates a price drop due to the size of the unlock, which is even larger than the previous event in November 2023. With 2.13 billion PYT tokens worth approximately $1.07 billion set to be unlocked on May 20, the selling pressure could be significant.</p>
<p>However, for Avalanche (AVAX), Altcoin Buzz notes that the project has been an anomaly in terms of unlocks, with hardly any negative impact on the price during the last four unlock events. Despite this, the author still expects the unlock to have some impact on the price, although less severe compared to the other projects on the list.</p>
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<p>The post <a href="https://captainaltcoin.com/aptos-apt-avalanche-avax-and-two-other-cryptocurrencies-could-experience-a-massive-crash-heres-why/" rel="noopener noreferrer nofollow">Aptos (APT), Avalanche (AVAX), and Two Other Cryptocurrencies Could Experience a Massive Crash: Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Aptos (APT), Avalanche (AVAX), and Two Other Cryptocurrencies Could Experience a Massive Crash: Here’s Why

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