May 2025 promises to be a vibrant period for the cryptocurrency market as over 1.5 billion USD worth of tokens are set to be released, according to reputable sources. This is a time when many major projects will unlock tokens, potentially having a strong impact on prices, liquidity, and investor sentiment. Among them, the top three projects in terms of unlock value are Sui (SUI), Aptos (APT), and Pyth Network (PYTH), accounting for a significant portion of this release. Below is a detailed summary of the unlocks from May 04 to May 31, 2025, providing investors with a clear view to prepare appropriate strategies.


Overview of the Token Unlocking in May 2025

In total, over 1.5 billion USD worth of tokens will be released into the market in May 2025, creating potential selling pressure if there is not enough buying force. The unlocks are focused on various groups such as development teams, early investors, and the community, which may cause the market to experience notable short-term fluctuations. Investors need to closely monitor to minimize risks and take advantage of trading opportunities based on supply and demand fluctuations.


Prominent Unlocking Events from May 04 to May 31

The list below details the token unlock projects from May 04 to May 31, 2025, including the number of tokens, value, and ratio to the circulating supply:


  • May 04:


    • Mine of Dalarnia (DAR): 1.5 million USD.


    • Sleepless AI ($AI ): 3.2 million USD.


    • Galxe (GAL): 5.1 million USD.


    • XION (XION): 1.8 million USD.




  • May 06:


    • Heroes of Mavia (MAVIA): 2.8 million USD.


    • Spectral (SPEC): 16.5 million USD.

    • Automata Network ($ATA ): 1.6 million USD.




  • May 07:


    • Jito Labs (JTO): 11.31 million tokens, worth 21.1 million USD (accounting for 3.5% of circulating supply).


    • Hashflow (HFT): 1.1 million USD.


    • Kaspa (KAS): 13.5 million USD.


    • NAVI Protocol (NAVX): 1.9 million USD.


    • Neon (NEON): 6.7 million USD.


    • SuperWalk (GRND): 1.5 million USD.


    • Aiden Labs (ADN): 2.4 million USD.




  • May 09:


    • Movement ($MOVE ): 12.6 million USD.




  • May 10:


    • Cetus Protocol (CETUS): 1.7 million USD.


    • Cheelee (CHEEL): 19 million USD.




  • May 11:


    • Solayer (LAYER): 27.02 million tokens, worth 85.7 million USD (accounting for 12.87% of circulating supply).


    • Goldfinch (GFI): 1 million USD.


    • io.net (IO): 2.6 million USD.


    • Delysium (AGI): 4.6 million USD.


    • Seamless Protocol (SEAM): 1.2 million USD.




  • May 12:


    • Aptos (APT): 11.31 million tokens, worth 63.2 million USD (accounting for 1.82% of circulating supply).


    • Dimo (DIMO): 1.8 million USD.

    • Game7 (G7): 1.6 million USD.


    • Axie Infinity (AXS): 1.7 million USD.




  • May 13:

    • Sweat Economy (SWEAT): 1.7 million USD.


    • BounceBit (BB): 6 million USD.




  • May 15:


    • Sei (SEI): 12.1 million USD.

    • Starknet (STRK): 19.5 million USD.


    • Staika (STIK): 1.9 million USD.


    • CyberConnect (CYBER): 5.5 million USD.




  • May 16:


    • Arbitrum (ARB): 92.63 million tokens, worth 31.2 million USD (accounting for 1.95% of circulating supply).


    • Immutable (IMX): 14.4 million USD.


    • Zebec Network (ZBCN): 2.9 million USD.


    • Vana (VANA): 2.8 million USD.

    • ApeCoin (APE): 8.6 million USD.




  • May 17:


    • Avalanche (#AVAX ): 1.67 million tokens, worth 37 million USD (accounting for 0.4% of circulating supply).


    • BabyBoomToken (BBT): 2.2 million USD.


    • Ancient8 (A8): 1.8 million USD.




  • May 18:


    • Fasttoken (FTN): 20 million tokens, worth 85.8 million USD (accounting for 4.64% of circulating supply).


    • Manta Network (MANTA): 3.4 million USD.


    • Fusionist (ACE): 1.9 million USD.


    • Morphware (XMW): 2.8 million USD.




  • May 19:


    • Saros Finance (SAROS): 213.9 million tokens, worth 28.1 million USD (accounting for 8.15% of circulating supply).


    • Polyhedra Network (#ZKJ ): 15.5 million tokens, worth 33.3 million USD (accounting for 25.6% of circulating supply).


    • Pixels (PIXEL): 3.6 million USD.


    • Merlin Chain (MERL): 3.7 million USD.


    • Karrat (KARRAT): 1.2 million USD.




  • May 20:


    • Pyth Network (PYTH): 2.13 billion tokens, worth 336.7 million USD (accounting for 58.4% of circulating supply).


    • Orbiter Finance (OBT): 4.4 million USD.


    • Melania Meme (MELANIA): 10 million USD.




  • May 21:


    • Plume Network (PLUME): 18.5 million USD.




  • May 22:


    • SPACE ID (ID): 2.6 million USD.




  • May 24:


    • SoSoValue (SOSO): 3.6 million USD.


    • Initia (INIT): 1.8 million USD.


    • ZND (ZND): 1.6 million USD.




  • May 25:


    • Venom Network (VENOM): 8.3 million USD.


    • AltLayer (ALT): 8.1 million USD.




  • May 26:


    • WalletConnect Network (WCT): 1 million USD.


    • Amnis Finance (AMI): 1.2 million USD.




  • May 27:


    • Yield Guild Games (YGG): 2.4 million USD.


    • NFPrompt (NFP): 1.2 million USD.





Impact Analysis

Large unlock events, especially from Sui (SUI) and Pyth Network (PYTH) occurring at the beginning of the month (on May 01 and May 20), may create strong selling pressure due to the large number of tokens released. Aptos (APT) on May 12 is also notable with a value of 63.2 million USD, although the ratio to the circulating supply is not very high. Projects like Fasttoken (FTN) and Solayer (LAYER) with large unlock values (85.8 million USD and 85.7 million USD respectively) may also cause significant price volatility. Investors should be cautious, closely monitor market trends and community sentiment to make informed decisions.


Conclusion

May 2025 will be a challenging and opportunistic month for the cryptocurrency market with a series of large token unlocks. Understanding the schedule and scale of the unlocks will help investors better prepare, minimize risks, and take advantage of price fluctuations for optimal profits. Continue to follow reliable sources for further updates!