PYTH Token Unlock: $935 Million Worth of Tokens to Hit the Market This Week
CryptoNewsTerminal Staff20 May, 2024
PYTH Token Unlock: $935 Million Worth of Tokens to Hit the Market This Week
PYTH, the popular cryptocurrency, is set to unlock a whopping 2.13 billion tokens worth $935 million on May 20th at 11 PM UTC. This unlock represents a significant 141.67% of PYTH's total supply. The Token Unlocks website tracks major token unlocks and has revealed the major token unlocks expected this week (May 20-26). Here's what to expect: PYTH: Approximately 2.13 billion tokens will be unlocked on May 20 at 11 PM UTC, worth $935 million, representing 141.67% of the total supply. AVAX: Around 9.54 million tokens will be unlocked on May 22 at 9 PM UTC, worth $354 million, accounting for 2.49% of the total supply. * ID: Approximately 18.49 million tokens will be unlocked on May 22 at 9 PM UTC, worth $14.26 million, representing 4.29% of the total supply. The PYTH token unlock is particularly notable due to its substantial value. With $935 million worth of tokens set to enter the market, it is likely to have a significant impact on PYTH's price. Investors and traders should be closely monitoring the unlock and its potential effects on the market.
