This week, a total of 17 different altcoins will unlock approximately $581 million worth of tokens in the crypto market.
According to data shared by Tokenomist, projects such as PYTH, ALT, VENOM, #sol , WLD and #DOGE stand out among the projects where a large amount of tokens will be released. These unlocks may increase selling pressure on these altcoins in the short term.
Mass Unlockings (May 19 – May 26)
The major projects that will be unlocked collectively this week are as follows:
PYTH: $324.09 million (58.62% of the locked supply)
ALT: $8.27 million (7.34% of the locked supply)
VENOM: $6.13 million (2.51% of the locked supply)
Gradual Unlockings (May 19 – May 26)
The tokens that will be unlocked gradually during the week are as follows:
$SOL : $78.64 million (0.09% of the supply)
WLD: $43.18 million (2.69% of the supply)
TIA: $18.72 million (1.10% of the supply)
$DOGE : $21.90 million (2.51% of the supply) 0.06%
TAO: $21.04 million (0.59% of supply)
#AVAX : $15.83 million (0.17% of supply)
SUI: $12.89 million (0.10% of supply)
DOT: $10.86 million (0.15% of supply)
IP: $11.20 million (0.86% of supply)
MORPHO: $11.27 million (2.57% of supply)
NEAR: $8.24 million (0.24% of supply)
ETHFI: $11.26 million (3.53% of supply)
JTO: $8.11 million (1.29% of supply)
FIL: $7.30 million (0.39% of supply)
How Will It Affect Prices?
Token unlocks can create downward pressure on prices, especially in projects such as PYTH, WLD and ETHFI, due to the high increase in supply.
Investors are advised to be careful and closely monitor market movements, especially in projects with a supply rate above 1%.
