Top 3 Token Unlocks to Monitor in the Coming Week

Sunday, 19 May 2024, 16:56

The upcoming unlock events for Pyth, Avalanche, and Space ID networks are expected to increase price volatility in the crypto market. Token unlocks involve releasing previously blocked tokens, impacting market dynamics based on investor reactions and liquidity. While these events may unsettle the market, a well-planned unlock schedule can contribute to the long-term success of these projects.

https://store.livarava.com/1b478c87-1601-11ef-a6c2-63e1980711b2.jpg — Top 3 Token Unlocks to Monitor in the Coming Week

Pyth Network (PYTH)

Unlock date: May 20

Key Details:

Number of tokens unlocked: 2.13 billion PYTH
Current circulating supply: 1.5 billion PYTH

Pyth Network is a decentralized oracle providing real-time financial data to blockchain applications. The unlock of 2.13 billion tokens on May 20 has sparked mixed reactions within the crypto community, with concerns over potential price collapse.

Despite differing opinions on the impact, the unlock event is significant for the project's future growth and user engagement.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Pyth Network (PYTH)

Key Details:

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