Encryption market watch in 2024: The unlocking of $3.58 billion in tokens in May may trigger market fluctuations

Brief Overview:

• In May 2024, Tokens involving Longest Encryption Projects will be unlocked, totaling $3.58 billion.

• Pyth Network (PYTH) led the way with a $1.2 billion PYTH Token release in May.

• Other highlights include major Token unlocking events for Aevo (AEVO) and Avalanche (AVAX).

As May approaches, some Crypto Assets news sites have listed some important Token unlocking events that will have an impact on the market. According to the data provided by the TokenUnlocks website, it is expected that in May 2024, about $3.58 billion worth of tokens will be released into circulation.

With the influx of new liquidity, it is expected to cause Fluctuation in different digital asset space, especially those that have dominated the headlines in this month’s Token Unlock event, such as Pyth Network (PYTH), Aevo (AEVO), and Avalanche (AVAX). Token unlocking of these projects could have a significant impact on the market.

Major Launch of Pyth Network

Token unlocking is a key turning point for the Crypto Assets market, as it releases Tokens that were not previously open to the public market, which often causes price fluctuations. The large number of Tokens that will enter the market next month brings new opportunities for traders and investors, as well as some challenges.

Leading the way is Pyth Network, which plans to unlock 2.13 billion PYTH Token worth about $1.24 billion on May 20. This release of Tokens will be divided into several different categories:

1. Publisher Rewards: 537.5 million PYTH Token will be distributed, worth approximately $313.62 million.

2. Ecosystem rise: 1.13 billion PYTH Token, equivalent to $656.4 million, will be obtained.

3. protocol development: 212.5 million PYTH Token will be allocated, with a value of approximately $123.99 million.

4. Private sale: 250 million PYTH Token will be released, totaling about $145.87 million.

PYTH Token Unlock|Source: TokenUnlocks

These unlocked Tokens will be distributed according to a predetermined distribution plan and conditions, with the aim of facilitating the further development and market circulation of the Pyth Network project.

A encryption researcher who goes by the pseudonym Gold said: “Choosing to buy in the event of a sell-off after a large number of tokens are unlocked could be one of the best deals in the market, especially considering that the next round of Token Unlocks will be 12 months away.” ”

Aevo is not far behind

It is followed by Aevo, which plans to release 827.6 million AEVO Tokens on May 15, with a total market value of $1.24 billion. The details are as follows:

Initial Private Sale Investors: Will receive 172.97 million AEVO Tokens, worth approximately $259.45 million.

Team allocation: will include 215.04 million AEVO Tokens, totaling approximately $322.56 million.

DAO Asset Reserve: will receive 336.59 million AEVO Tokens, worth about $504.88 million.

RBN remaining in circulation: 103 million AEVO Tokens will be distributed, worth approximately $154.5 million.

Aevo Token Unlock|Source: TokenUnlocks

The unlocking of AEVO Tokens will involve longing stakeholders, including early investors, project teams, asset reserves of DAOs (DAOs), and distributions related to the remaining RBNs in circulation, which may refer to some form of Token or asset.

Avalanche’s Planned Allocation

Avalanche is also scheduled for a major Token release on May 22, when there will be 9.54 million AVAX Token, worth $329.19 million. The distribution plan includes:

1. Strategic partners: will receive 2.25 million AVAX Token, worth about 77.63 million US dollars.

2. Ecosystem rise Program: 1.67 million AVAX Token worth about $57.5 million will be allocated.

3. Team members: will receive 4.5 million AVAX Token, totaling about $155.25 million.

4. Airdrop distribution: 1.13 million AVAX Token will be used for Airdrop, valued at approximately $38.81 million.

AVAX Token Unlock|Source: TokenUnlocks

This Avalanche Token unlock will involve strategic partners, ecosystem rise programs, team members, and Airdrop activities, with the aim of driving the overall development and market flow of the project through these different distribution methods.

$14,795,000 MEME Token unlocked

Meanwhile, Memecoin is gearing up for a major Token unlock on May 3, 2024, when there will be 5.31 billion MEME Token, worth around $147.95 million. The unlocking structure is as follows:

1.Airdrop: There will be 3.45 billion MEME Token, worth about $96.07 million, earmarked for Airdrop activities.

2. Advisor Roles: There will be 1.04 billion MEME Token, totaling approximately $28.82 million, to recognize the contributions of advisor roles.

3. Investor Distribution: Investors will receive 828 million MEME Token, worth approximately $23.06 million.

MEME Token Unlocks|Source: TokenUnlocks

The unlocking of this MEME Token will be carried out through long channels such as Airdrop, advisor rewards, and investor allocation, with the aim of promoting community participation and further development of the project.

Strategic Allocation of Aptos

Aptos plans to unlock 11.31 million APT Token on May 12, 2024, with a total value of $102.01 million. Details of this unlock include:

APT Token Unlock|Source: TokenUnlocks

1. Foundation: will receive 1.33 million APT Token, worth $12.03 million.

2. Community: will receive an allocation of 3.21 million APT Token, worth $28.96 million.

3. Core contributors: will receive access to 3.96 million APT Token, worth $35.7 million.

4. Investors: will receive distributions of 2.81 million APT Token, totaling $25.33 million.

Token unlocking of Aptos this time will involve foundations, communities, core contributors and investors, aiming to promote the overall development and market circulation of the project through these different distribution methods.

In addition to this, there are a number of small but equally significant Token unlocking events, involving projects such as dYdX (DYDX), Sui (SUI), and Ethena (ENA).

These additional Token unlocks are part of a broader trend of market Liquidity additions, where the added Token Liquidity has sparked both enthusiasm for potential rise and a cautious assessment of the impact on the market. It is crucial for investors to understand the specifics of each unlock. This includes the number of Tokens released, their intended use, and the overall market conditions at the time of unlocking.

As the market prepares for these and other unlocks, investors should maintain a strategy that considers the potential increase in Token supply and the price movements that come with it. It will be key to observe how these Tokens fit into their respective ecosystems.

As the market prepares for the unlocking of these project Tokens and other Tokens, investors should develop a strategy that takes into account the increase in Token supply and the resulting price movements. Keeping an eye on how these Tokens fit into their respective ecosystems will be key.