- Next week’s calendar features big token unlock events for Pyth, Avalanche, Pixels, and Space ID networks.
- The largest will occur in the PYTH ecosystem when 2.13 billion tokens valued at $906.09 million will hit the market on Monday.
- Token values may fluctuate significantly around token unlock dates, depending on investor opinion and market conditions.
A coin’s market liquidity may be impacted by token unlocks. While more tokens available due to unlocks may make it simpler for investors to buy and sell the token, there is a chance that this could cause price slippage and make it more difficult to complete big trades.
Next week, get ready for these token unlocks
Increased price volatility may result from the release of locked-up tokens as investors respond to the newly accessible tokens. The token price may fluctuate significantly, depending on investor mood and market conditions.
The Pixels ecosystem will release 54.37 million PIXEL tokens on Sunday, May 19. These tokens, which comprise 7.05% of the circulating supply, are currently valued at $19.02 million.
Among the lineup, Pyth has the most unlockable content. This coming Monday, May 20, marks the unlocking of 2.13 billion PYTH tokens, valued at $906.09 million. 141.67% of the total amount of tokens in circulation are these.
The Avalanche network will release 9.54 million AVAX tokens, valued at $329 million and making up 2.49% of the total supply, on Wednesday, May 22.
With 18.49 million ID tokens valued at $13.21 million, or 4.29% of the total, Space ID is also scheduled to be unlocked on Wednesday, May 22.
this weekend’s token unlocks
Looking more closely, you should be aware of a few token unlocks this weekend. Among them are:
On May 18, the Manta Network will release 6.67 million MANTA tokens, which are valued at $10.40 million and makeup 2.66% of the total circulating supply of the network.
The Oasis Network will release 171 million ROSE tokens, valued at $14.82 million, on the same day. This represents 2.54% of the total quantity that is now in circulation.
Although token unlocks are viewed as negative indicators, it’s important to remember that well-designed token unlock schedules can help ensure a project’s long-term viability.
Team members can be motivated, community involvement can be fostered, and ecosystem expansion can be facilitated via strategically timed token unlocks that correspond with project milestones and development progress.