Aavo, Pyth Network, Memecoin, and Starknet are among the cryptocurrency projects that are expected to release big tokens in May. These projects are expected to witness the highest number of token unlocks this month, according to data from token unlocks.
Today, Memecoin (MEME) distributed 5.31 billion tokens, or roughly 31% of its total circulating supply, valued at close to $128 million.
On May 15, 827.6 million AAVO tokens, worth approximately $1.1 billion, will be released by Aavo. The team, DAO Treasury, investors in the initial private sale, and the remaining RNB in circulation will all receive these tokens (this is part of the tokenomic transition process from RBN tokens to AEVO tokens).
On May 20, Pyth Network will unlock 2.13 billion PYTH tokens, which are projected to be worth $1.1 billion, after Aavo. Data publishers, investors in private sales, protocol development, and ecosystem growth will all profit from this release.
The unblocking of Starknet's token is set for May 16. 64 million STRK tokens, worth around $82 million and representing nearly 8.8% of the total quantity in circulation, will be issued. These tokens are reserved for the project's initial backers and financiers.
Avalanche (AVAX), Aptos (APT), and Arbitrum (ARB) are a few other noteworthy token unlocks.
On May 12, Aptos will release 11.31 million tokens, representing 2.65% of the total quantity that is in circulation and valued at 103 million.
On May 16, Arbitrum will release 92.65 million tokens, or 3.49% of the total amount in circulation, valued at $99 million.
Last but not least, on May 22, Avalanche will release 9.54 million tokens, or roughly 2.5% of its total circulating supply, valued at about $338 million.
May 2024, Cryptoniteuae