Big News! May Unlocks a Huge Amount: AEVO and PYTH to Release Over $1 Billion Worth of Chips

According to the data shared by Poopman, several project tokens will experience significant unlocking in May. Among them, the highest unlocking value is for Aevo, a decentralized contract trading platform that was launched in March this year. It is expected to unlock 827 million AEVO tokens on May 15th, with a total value of approximately 1.16 billion US dollars. This unlocking scale accounts for about 750% of the current circulating supply, with team shares accounting for 26%, investors accounting for 20%, DAO treasury accounting for 40%, and the remaining shares accounting for 14%.

The second largest unlocking value is for the oracle project Pyth Network, which is expected to unlock 2.13 billion PYTH tokens on May 20th, with a total value of approximately 1.1 billion US dollars. This will increase the existing circulating supply by about 142%. Among them, ecosystem shares account for 53%, data publisher rewards account for 25%, private sales shares account for 12%, and protocol development shares account for 10%.

In addition, tokens such as AVAX, MEME, APT, and ARB will also experience token unlocks close to or exceeding 100 million US dollars.

Regarding the above information, Poopman shared in his tweet:

Finally, Poopman also urges investors to consider that token prices are greatly influenced by demand for the project and the macroeconomic environment. Considering the current instability of Bitcoin, users must exercise caution in their operations.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Successful Conclusion of CoinEx Taiwan’s 7th Anniversary Celebration, Embracing the Arrival of the Web3 Era Hand in Hand with Users

Since its establishment in 2017, CoinEx has been a professional cryptocurrency trading pla…