Over $790M worth token unlocks scheduled for May

There are 21 token unlocks scheduled during May, which volition merchandise implicit $794 cardinal worthy of tokens into circulation successful total, according to Token Unlocks data.

Optimism (OP) volition big the largest unlock worthy $329 million, according to the Token Unlocks numbers. Avalanche (AVAX) and BitDAO (BIT) travel with the 2nd and 3rd largest unlocks with $162 cardinal and $92 million, respectively.

The apical three

On the past time of the month, OP volition release 154,618,822.65 tokens, which comprise 3.6% of the full OP supply. The magnitude equates to $330,884,280 astatine the clip of writing, which accounts for astir 41% of the full worth scheduled to unlock.

Three days earlier the OP unlock, connected May 28, AVAX volition unlock 1.325% of its full supply, which equates to 9,541,800 tokens. With the existent AVAX trading price, the task seems similar it volition adhd $163,164,780 worthy of tokens into circulation.

The 3rd largest unlock of the period volition beryllium held by BIT connected May 15. The task volition release astir 2% of its full supply. A full of 187,499,999.36 tokens volition beryllium unlocked, which equates to $92,828,062 astatine the clip of writing.

Other unlocks

The archetypal unlock of the period volition travel from 1 Inch (1INCH) connected May 1, and the task volition release astir $10,000 worthy of tokens into circulation. NYM (NYM) and JOE (JOE) volition unlock connected the aforesaid day, May 3. NYM volition release implicit 73 cardinal tokens, equating to implicit $16 million, portion JOE volition unlock implicit 108 cardinal daily, worthy astir $50 million.

May 5 volition spot 2 unlocks from Liquity (LQTY) and Galxe (GAL) worthy implicit $1.1 million and $13.2 million, respectively. On May 7, Tornado Cash (TORN) volition unlock 1.75% of its full proviso — equating to 175,000 tokens that are presently worthy implicit $1 million.

GMX (GMX) and dYdX (DYDX) scheduled their unlocks connected May 9. GMX’s unlock play volition merchandise implicit $28,000 worthy of tokens daily, portion DYDX volition unlock implicit 6 cardinal tokens presently valued astatine implicit $16 million.

Euler (EUL), MoonBeam (GLMR), Aptos (APT), and Sweat Economy (SWEAT) volition clasp their unlocks connected May 10, 11, 12, and 13, respectively. EUL volition unlock implicit $300,000, portion GLMR volition release implicit $70,000 worthy of tokens regular until it adds up to implicit $4 million. APT and SWEAT volition merchandise implicit $46 million and $1 million worthy of tokens, respectively.

On May 17 and 18, ApeCoin (APE) and Oasis Network (ROSE) are expected to unlock implicit $60 million and $12 million worthy of tokens, respectively. Immutable X (IMX) volition release implicit 18 cardinal tokens connected May 20, which equates to implicit $17 cardinal astatine the clip of writing.

Acala (ACA) volition release different $405,783 worthy of tokens connected May 25, portion Ronin (RON) and Yield Guild Games (YGG) are acceptable to unlock implicit $14 million and $3 million worthy of tokens connected May 27, respectively.

The station Over $790M worthy token unlocks scheduled for May appeared archetypal connected CryptoSlate.