2024

Starknet

Billion

Pyth Network

<p>The post <a href="https://coinpedia.org/news/may-2024-crypto-unlocks-over-2-billion-in-tokens-set-to-hit-the-market/">May 2024 Crypto Unlocks: Over $2 Billion in Tokens Set to Hit the Market</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>May 2024 is shaping up to be a significant month for crypto token unlocks, with over $2 billion worth of native tokens scheduled for release across eight major projects.&nbsp;</p> 
<p>Token unlocks can impact these cryptocurrencies’ price and market dynamics, and investors are closely monitoring the developments. Here’s a detailed list of the major token unlocks and their potential implications.</p> 
<h2 class="wp-block-heading" id="h-may-1st-dydx-dydx"><strong>May 1st: dYdX ($DYDX)</strong></h2> 
<p>The decentralized exchange dYdX will unlock 10% of its circulating supply, valued at approximately $71 million. This release represents a significant portion of DYDX tokens entering the market, potentially influencing its price and liquidity.</p> 
<h2 class="wp-block-heading" id="h-may-3rd-memeland-meme"><strong>May 3rd: Memeland ($MEME)</strong></h2> 
<p>Memeland will unlock 8.3% of its circulating supply, worth about $148 million. The token unlock coincides with regular releases for ‘insiders’, indicating a broader distribution and the possibility of increased trading activity.</p> 
<h2 class="wp-block-heading" id="h-may-12th-aptos-apt"><strong>May 12th: Aptos ($APT)</strong></h2> 
<p><a href="https://coinpedia.org/price-prediction/aptos-price-prediction/">Aptos</a>, a high-performance blockchain, will unlock 2.65% of its circulating supply, valued at around $100 million. This unlock could have a notable impact on the Aptos ecosystem, given its relatively high value.</p> 
<h2 class="wp-block-heading" id="h-may-15th-starknet-strk"><strong>May 15th: Starknet ($STRK)</strong></h2> 
<p>Starknet will release 8.8% of its circulating supply, totaling around $80 million. This significant token unlock is expected to impact the Starknet network and its associated projects.</p> 
<h2 class="wp-block-heading" id="h-may-16th-arbitrum-arb"><strong>May 16th: Arbitrum ($ARB)</strong></h2> 
<p><a href="https://coinpedia.org/price-prediction/arbitrum-arb-price-prediction/">Arbitrum</a> will unlock 3.5% of its circulating supply, valued at about $100 million. As one of the most prominent layer-2 scaling solutions for Ethereum, this unlock could affect Arbitrum’s price and adoption.</p> 
<h2 class="wp-block-heading" id="h-may-17th-immutable-imx"><strong>May 17th: Immutable ($IMX)</strong></h2> 
<p><a href="https://coinpedia.org/price-prediction/immutable-x-imx-price-prediction/">Immutable</a>, a blockchain platform for gaming and NFTs, will unlock 1.75% of its circulating supply, worth approximately $54 million. The release of these tokens could influence the broader NFT and gaming ecosystem.</p> 
<h2 class="wp-block-heading" id="h-may-20th-pyth-network-pyth"><strong>May 20th: Pyth Network ($PYTH)</strong></h2> 
<p>Pyth Network will double its circulating supply with a massive token unlock valued at around $1.25 billion. This significant increase in circulating supply could lead to market fluctuations and shifts in investor sentiment.</p> 
<h2 class="wp-block-heading" id="h-may-22nd-avalanche-avax"><strong>May 22nd: Avalanche ($AVAX)</strong></h2> 
<p><a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/">Avalanche</a> will release 2.5% of its circulating supply, worth approximately $325 million. As a leading blockchain platform, this token unlock may impact AVAX’s price and the broader Avalanche ecosystem.</p> 
<h2 class="wp-block-heading" id="h-in-conclusion"><strong>In Conclusion</strong></h2> 
<p>These token unlocks represent a substantial injection of tokens into the crypto market, with a combined value of over $2 billion. Investors and traders should closely monitor these events, as they could lead to increased market volatility, shifts in price action, and changes in market sentiment.&nbsp;</p> 
<p>While token unlocks can introduce liquidity and trading opportunities, they can also lead to sell-offs and price corrections. Therefore, it’s crucial to consider these factors when planning your investment strategies.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/news/hong-kong-prepares-for-record-breaking-debut-of-crypto-etfs-as-issuers-expect-200-300-million-inflow/">Hong Kong Prepares For Record-Breaking Debut Of Crypto ETFs As Issuers Expect $200-$300 Million Inflow</a></p>

May 2024 Crypto Unlocks: Over $2 Billion in Tokens Set to Hit the Market

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