Source: Cointelegraph
Original text: (Token Unlock Weekly Report | PYTH's unlock volume next week exceeds half of the current circulating supply)
Next week, the crypto market will welcome a relatively calm token unlock period, with a significant drop in overall unlock scale. However, in this wave of 'unlock lull', the unlocking event of Pyth Network (PYTH) still stands out. The project will unlock about 212,500 PYTH tokens on May 20, which, at the current price, has a market value of approximately $38.2731 million, accounting for 58.62% of its current circulating supply. Such a large proportion of release may have a substantial impact on market sentiment and token prices due to supply and demand dynamics, which investors should pay close attention to.
Token
Unlock Amount
Proportion of current circulating supply
Unlock Date
PYTH
2.13 billion
58.62%
May 20
TRIBL
9.6 million
6.11%
May 20
EIGEN
1.29 million
0.43%
May 20
MURA
10 million
1%
May 23
MOCA
2.43 million
0.09%
May 23
VENOM
5.926 million
2.86%
May 25
Core data overview of unlocks next week (May 19 to May 25). Source: Tokenomist
Pyth Network (PYTH)
Pyth Network is a decentralized oracle network focused on providing high-precision, low-latency financial market data for blockchain applications. Its goal is to address the urgent need for real-time, accurate data in DeFi (decentralized finance) applications by integrating first-hand data from major exchanges, market makers, and financial institutions worldwide.
Currently, the main uses of PYTH tokens are as follows:
PYTH token unlock curve. Source: Tokenmist
Tribal Token (TRIBL)
TRIBL is the native token of the Tribal Finance platform, which aims to provide financial services to small and medium-sized enterprises (SMBs) in emerging markets through blockchain technology. Tribal Finance seeks to address the financing challenges these businesses face within the traditional financial system, particularly in regions like Latin America.
The main highlights of this project are:
TRIBL token unlock curve. Source: Tokenmist
Related news: After minting $1 billion, the USDT supply on Tron will exceed that of Ethereum.
