In May, the cryptocurrency industry will unlock $4 billion worth of tokens among 21 different projects, anticipating a significant sell-off. These token unlocks constitute the cryptocurrencies supply inflation, with drastic economic effects that could impact prices and investors’ results.
Notably, the renowned crypto journalist Colin Wu spotted $3.661 billion worth of tokens to unlock in May. Wu reported the forecasted unlocks according to data from TokenUnlocksApp in a post on X on April 30.
In particular, the unlocks of Aevo (AEVO) and Pyth Network (PYTH) total nearly $2.5 billion worth of tokens. With over $1.2 billion each, they dominate May’s total unlocks by around two-thirds.
Moreover, AEVO is a $150 million market cap cryptocurrency, while PYTH has less than $800 million in capitalization. Therefore, these unlocks will likely have a major economic impact on early investors, which could cause a price crash.
According to TokenUnlocks, the large-amount unlocks in
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