The crypto market will experience its second token unlock of over $3 billion for this year in May, according to Token Unlocks data.
Token unlocks involve the gradual release of coins initially held to discourage early investors or team members from rapidly selling their large-volume holdings. This process has consistently wielded considerable influence over the broader market conditions by amplifying the selling pressure on a digital asset.
Pyth, Aevo leads with over $1 billion unlock.
Two major players, Aevo and Pyth, lead the significant May token unlock, each set to release over $1 billion worth of tokens.
Aevo is gearing up to release 827.6 million tokens valued at $1.257 billion, marking an astounding 758% increase in its current supply. This unlock is slated for May 15.
Furthermore, the Layer-2 DEX roll-up will release 6.13 million AEVO tokens daily into circulation between May 16 and May 24. These tokens will primarily enter the DAO treasury, early private sale investors, and th
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