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Significant Token Unlocks Expected Next Week, Totaling Around $1.3 Billion

19/05 20:34

According to PANews, data from Token Unlocks indicates that a substantial one-time unlocking of tokens, including PYTH and others, is expected next week. The total value of the tokens to be released is estimated to be around $1.3 billion. The Pyth Network (PYTH) is set to unlock approximately 21.3 billion tokens on May 20, Beijing time. This represents 141.67% of the circulating supply and is valued at about $943 million. On May 22, Beijing time, Avalanche (AVAX) will unlock approximately 9.54 million tokens, which constitutes 2.49% of the circulating supply. The value of these tokens is estimated to be around $347 million. Also on May 22, SPACE ID (ID) will unlock about 18.49 million tokens, representing 4.29% of the circulating supply. These tokens are valued at approximately $13.7 million. On May 24, Euler (EUL) is set to unlock around 4.66 million tokens, which currently make up 0.34% of the circulating supply. The value of these tokens is estimated to be about $370,000. Lastly, Acala (ACA) will unlock approximately 4.66 million tokens on May 25, Beijing time. This represents 0.48% of the circulating supply and is valued at about $500,000.

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