Immutable

Optimism

Pyth Network

Over $3.1 billion in vested crypto assets are scheduled for release in May, highlighting significant events for projects like Sui and <a href="https://pyth.network/" data-wpel-link="external" target="_blank" rel="nofollow external noreferrer">Pyth Network</a>, each set to unlock over $1 billion in tokens. 
Crypto vesting practices help ensure ongoing commitment to projects by restricting the immediate sale of tokens by early investors or team members. 
Sui, a layer-1 blockchain platform, is poised to release the highest volume of tokens. 
It plans to unlock nearly one billion tokens valued at approximately $1.15 billion for its Series A and Series B investors, early contributors, the Mysten Labs treasury, and its community reserve on May 31. 
Pyth Network, a market data platform, will unlock over two billion tokens valued around $1.1 billion on May 20. 
These tokens are allocated for protocol development, ecosystem growth, publisher rewards, and private sale investors, with the price per PYTH token currently about $0.51. 
Additionally, other crypto projects like Avalanche, Aptos, Arbitrum, Starknet, Optimism, and Immutable are set to release over $700 million in combined tokens. 
Specifically, on May 12, Aptos will release 11.3 million APT tokens worth $101 million to various stakeholders including its foundation and core contributors. 
READ MORE: <a href="https://www.cryptointelligence.co.uk/bitcoin-price-plunges-following-lackluster-debut-of-hong-kong-etf/" data-wpel-link="internal">Bitcoin Price Plunges Following Lackluster Debut of Hong Kong ETF</a> 
Avalanche plans to unlock 9.5 million AVAX tokens valued at $321 million on May 22 for its strategic partners and team, among others. 
Arbitrum, another layer-2 blockchain network, will release $95 million worth of ARB tokens on May 16, designated for its team and investors. 
This follows a substantial $2.3 billion token release by Arbitrum to the same groups earlier in March. 
Moreover, Starknet is scheduled to unlock $84 million in tokens for its investors and early contributors on May 15. 
Immutable will follow with a $56 million release on May 17 aimed at supporting ecosystem and project development. 
Lastly, the layer-2 scaling solution Optimism will release 24.1 million OP tokens on May 29, valued at approximately $70 million. 
In May 2023, Optimism had also unlocked $587 million in OP tokens for its early contributors and investors, underscoring a recurring theme of substantial token releases in the crypto industry. 
To submit a <a href="https://www.cryptointelligence.co.uk/category/press-releases/" data-wpel-link="internal">crypto press release (PR)</a>, send an email to <a href="mailto:sales@cryptointelligence.co.uk">sales@cryptointelligence.co.uk</a>.

Over $3 Billion in Vested Crypto Assets Set to Unlock in May, Highlighting Major Releases by Sui and Pyth Network

Crypto Intelligence

Autres articles publiés le 6 mai 2024

Bitcoin's 200 Day MA Hits New All-Time High as BTC Jumps 10%

Toncoin Records Breakout Rally! $10 Imminent Following Pantera’s Investment?

Good news from NexGami expected soon as it hints $NEXG launch

Uniswap Founder Talks About 8 Ethical Factors Regarding Token Launch

Top 5 Reasons Why To Buy Crypto Today?

Stocks On Track For Third Green Session, Palantir Ignites Rally In Chipmakers, Commodities Reboun...

Join our free newsletter for daily crypto updates!