Token

Avalanche

Pyth Network

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-eye-token-unlock-events" rel="noopener noreferrer nofollow">Investors Eye Token Unlock Events</a><br></p>
<p style="text-align: justify">The release of locked tokens significantly impacts the circulating supply of altcoins, often resulting in notable price fluctuations. This week is set to witness several major token unlocks for popular cryptocurrencies. While an increase in supply paired with high demand might mitigate severe price drops, the introduction of hundreds of millions of dollars in new tokens under current <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">market conditions</a> could instigate substantial challenges.</p>
<h2 id="what-is-happening-with-pyth-token">What is happening with PYTH Token?</h2>
<p style="text-align: justify">Pyth Network (PYTH) has a total supply of 10 billion, with a relatively low circulating supply keeping its price elevated. However, on May 20, a large-scale unlock of 2.13 billion tokens—exceeding the current circulating supply—will occur. This influx may exert downward pressure on PYTH’s price in the medium term due to increased selling pressure. Investors, recalling previous unfavorable outcomes, are indicating their intent to short this token to capitalize on the situation.</p>
<h2 id="how-will-avalanche-handle-upcoming-unlocks">How will Avalanche Handle Upcoming Unlocks?</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/surge-in-avalanches-avax-token-destruction-rate" rel="noopener noreferrer nofollow">Avalanche</a> (AVAX), known for its high annual inflation, frequently undergoes planned token unlocks. Investors typically navigate these events by trading or staking their holdings. On May 22, an additional 382.77 million AVAX will enter circulation, adding to the existing 9.54 million AVAX. This scheduled unlock is part of a larger strategy that AVAX holders are accustomed to managing.</p>
<p style="text-align: justify">On the same date, Space ID (ID) will also see a significant token release, though comparatively modest in dollar terms. As a newer altcoin, it will unlock 18.49 million tokens. The majority of these tokens will be allocated to the foundation, with the rest distributed via airdrops and ecosystem funds. Despite the typical association of token unlocks with price drops, historical <a href="https://newslinker.co/" rel="noopener noreferrer nofollow" target="_blank">data</a> shows that the effects can vary, making it challenging for investors to predict price movements confidently.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>Pyth Network’s upcoming unlock may significantly impact its price due to a substantial increase in supply.</li>
 <li>Avalanche investors are prepared for planned unlocks and often use staking strategies to manage their portfolios.</li>
 <li>Space ID’s relatively smaller token release may have less dramatic effects but still requires close monitoring.</li>
 <li>Historical data on token unlocks shows unpredictable price responses, suggesting a need for cautious, informed decision-making.</li>
</ul>
<p style="text-align: justify">In conclusion, while token unlocks present potential volatility in the cryptocurrency market, the effects can vary widely. Investors must stay informed and agile to navigate these events effectively.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-eye-token-unlock-events" rel="noopener noreferrer nofollow">Investors Eye Token Unlock Events</a></h5>

Investors Eye Token Unlock Events

Table of Contents

BH NEWS

Other articles published on May 20, 2024

Whale Activity Boosts Cardano’s Prospects

SEC to Finally Make Decision Regarding Ethereum ETFs This Week

Former Pump.Fun Employee Accused Of $1.9 Million Exploit Says He’s Been Arrested, Charged, And Is...

Shogun raised $6.9M in seed funding

10x Research’s Executive Claims Bitcoin’s Potential Record Highs Depend on $67.5K Rally

Best Altcoins Under $1 for Significant Returns: Watch for Major Gains

Join our free newsletter for daily crypto updates!