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According to Token Unlock, the platform that provides information on how restricted tokens are introduced into the crypto market, not less than 20 crypto projects will release tokens worth over $10 million in May. The platform’s data shows that the projects will cumulatively release up to $3.661 billion into the crypto market in May.
According to TokenUnlocks, the large-amount unlocks in May (unlocked amount greater than $10m) include DYDX ENA SUI MEME GAL MAVIA APT STRK AEVO ARB APE IMX ROSE PIXEL PYTH AVAX ID YGG OP PRIME, etc., with an unlock value of over 3.661 billion US dollars. Among them, the unlocked… pic.twitter.com/tZmihAom3c
— Wu Blockchain (@WuBlockchain) April 30, 2024
According to Colin Wu, a foremost Chinese crypto journalist, the crypto tokens identified by Token Unlock for significant token releases in May include DYDX, ENA, SUI, MEME, GAL, MAVIA, and APT. Others include STRK, AEVO, ARB, APE, IMX, ROSE, PIXEL, and PYTH. AVAX, ID, YGG, OP, and PRIME will also release tokens worth over $10 million each to complete the list.
Wu singled out two exceptional crypto projects whose token releases in May will each exceed $1 billion. They include the Aevo decentralized exchange’s AEVO token, which will release 827.6 million tokens on May 15. The total value of the tokens to be released was worth over $1.25 billion at the time of Wu’s report. This amount represents 757.95% of AEVO’s current circulating supply.
The second significantly large token release spotted by Wu in May is Pyth Network’s PYTH, scheduled for May 20. The market>
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