Here are all the crypto projects are unlocking hundreds of millions of dollars worth of tokens in the month of May.
Keeping track of a project's tokenomics can be important for crypto investors—especially when over one billion dollars worth of tokens is at stake. That's the case with the much-hyped Pyth Network, which will unlock its first set of tokens to ecosystem participants in three weeks.
But aside from Pyth Network, several other projects in crypto plan to unlock hundreds of millions of dollars worth of tokens. Here are all the significant token unlocks coming up in the month of May, according to Token.Unlocks data. It may be ironic that the coin with the name "Memecoin" ticker MEME isn't, in fact, a memecoin. Memecoin, the token of comedy site 9GAG's Memeland project, will unlock 8.
May 15: Ethereum Layer-2 Starknet will unlock 8.8% of its circulating supply at a current value of $80 million. May 17: Web3 gaming firm ImmutableX will unlock 1.75% of its circulating supply at a current value of $54 million. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures.
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