Bittime - For crypto investors, understanding the token release schedule (token unlock) of a project is very important. Especially if the value reaches billions of dollars! This May, several crypto projects plan to release their tokens in large quantities.
One that caught attention was Pyth Network which released tokens worth $1.25 billion.
Here are some important "token unlock" events to look out for according to Token.Unlocks :
Token Unlock Schedule for May 2024
There are several crypto projects that will unlock their tokens in May. You can find out below.
May 3: Memecoin (Memeland) - $150 million
Even though it is called "Memecoin", this token is not a real memecoin. Memecoin is a token of comedy site 9GAG's Memeland project.
A total of 8.30% of the total supply of Memecoin tokens, worth approximately $148 million, will be unlocked along with a regular release schedule for investors and advisors.
Check Today's Crypto Market:
May 12: Aptos - $100 million
Aptos, one of the many former members of Facebook's Libra currency project (along with Sui), will unlock another 2.65% of their token supply.
A total of 11.31 million Aptos tokens, worth approximately $100 million, will be unlocked on May 12. Recently, Aptos announced collaboration with large platforms such as Microsoft to build the Aptos Ascend program.
Also read: What is Aptos (APT)? Aptos Ecosystem Comprehensive Guide
May 16: Arbitrum - $100 million
Arbitrum, a project that recently launched Bounded Liquidity Delay (BOLD) on testnet, will unlock 3.5% of their token supply on May 16th. The token currently has a value of around $100 million.
Also Read How to Buy Crypto:
May 20: Pyth Network - $1.25 billion
Pyth Network, a decentralized oracle service, will unlock their first batch of tokens six months after launching last November. These tokens will be awarded to ecosystem participants, protocol developers, and early backers.
Also read: Pyth Network (PYTH) Records New ATH, This is What You Need to Know!
This token unlock will more than double the circulating supply of Pyth tokens, from 1.5 billion to 3.63 billion tokens with a value of $1.25 billion (based on current prices).
May 22: Avalanche - $325 million
Avalanche will continue their regular token emissions by unlocking 9.54 million tokens (2.5% of supply) worth $325 million on May 22. Recently, Avalanche also explained about the "community coins" they have, namely memecoins related to the Avalanche community.
Other Important Token Releases
- May 1: Decentralized exchange Uniswap - 10% of token supply, worth $71 million.
- May 15: Ethereum Layer-2 Starknet - 8.8% of token supply, worth $80 million.
- May 17: Web3 gaming firm Immutable X - 1.75% of token supply, valued at $54 million.
Check Crypto Prices Today:
With so many new tokens in circulation, this "token unlock" event has the potential to affect crypto asset prices. You should always be alert and do research before investing.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Pyth Network (PYTH) Partners with Lyve Finance DAO, PYTH Price Rises 40% in 1 Week
Aptos (APT) Price Prediction: Will it Soar 30% in 5 Days?
Memeland Creates MEMENET: A Blockchain Built for Entertainment and Affordability
Avalanche (AVAX) Price Prediction in 2024
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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