News
Pyth Network, Aavo, Memecoin and Starknet expect to unlock over $2 billion in tokens this month
Share this article
Several crypto projects are poised for major token releases in May, with Aavo, Pyth Network, Memecoin, and Starknet at the forefront. Data from Token Unlocks indicates that these projects will experience the largest token unlocks this month.
Memecoin (MEME) has released 5.31 billion tokens, making up approximately 31% of its circulating supply and worth nearly $128 million today.
Aavo will release 827.6 million AAVO tokens on May 15, worth approximately $1.1 billion. These tokens are allocated to the initial private sale investors, the team, the Treasury DAO and the remaining RNB in circulation (this is part of the tokenomics transition process from RBN tokens to AEVO tokens).
Following Aavo, Pyth Network will unlock 2.13 billion PYTH tokens on May 20, with an estimated value of $1.1 billion. This release will benefit data publishers, private investors, protocol development, and ecosystem growth.
Starknet tokens are scheduled to be unlocked on May 16th. 64 million STRK tokens will be released, representing nearly 8.8% of the circulating supply and valued at approximately $82 million. These tokens are designated for the project’s early contributors and investors.
Other notable token unlocks include Aptos (APT), Arbitrum (ARB), and Avalanche (AVAX).
Aptos will unlock 11.31 million tokens, representing 2.65% of the circulating supply and worth 103 million on May 12.
Arbitrum will unlock 92.65 million tokens, representing 3.49% of the circulating supply, worth $99 million on May 16.
Ultimately, Avalanche will unlock 9.54 million tokens, approximately 2.5% of its circulating supply, worth approximately $338 million on May 22.
Share this article
The information on or accessed through this website is obtained from independent sources that we believe to be accurate and reliable, but Decentral Media, Inc. makes no representations or warranties as to the timeliness, completeness, or accuracy of any information on or accessed via this website. . Decentral Media, Inc. is not an investment advisor. We do not provide personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become obsolete or may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing can enrich articles with AI-generated content created by Crypto Briefing’s proprietary AI platform. We use AI as a tool to provide fast, valuable and actionable insights without losing the insight and oversight of native cryptocurrency experts. All AI-augmented content is carefully reviewed, including for factual accuracy, by our editors and writers, and we always draw from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision about an ICO, IEO or other investment based on the information on this website and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analysis or reporting on ICOs, IEOs, cryptocurrency, currency, tokenized sales, securities or commodities.