The crypto market is shaky. The last thing investors want to do right now is lose more money. To prevent this from happening, they need to keep a close eye on this special monthly event. So, crypto unlocking events. Crypto analyst Camille Lemmens draws attention to 3 altcoin projects that will be unlocked in May.
First ranked altcoin: Aptos (APT)
There is still a huge unlock for Aptos of 11.31 million APT or $115 million. The current APT price is $8.37. This is part of the monthly unlocks. However, Aptos has recently had 6 consecutive months with major unlocks. Unlocked 5.85% of circulating supply every month for the last 6 months. The current unlock took place on May 12. Since May, this rate has decreased by more than half. Monthly token count decreased from 24.84 million to 11.31 million. Still a large enough amount. The four beneficiaries are:
- Aptos Foundation 1.33 million APT or $13.57 million.
- Community 3.21 million APT or $32.68 million.
- 3.96 APT, $40.3 million going to core contributors.
- Investors receive 2.81 million APT, or $28.59 million.
In second place is Aevo (AEVO)!
Next up is Aevo on May 15th. It is a trading platform for options and perps. 2 On March 13, the platform unlocked 12% of its tokens. This equated to 122 million AEVO. However, it will unlock another 80% of its tokens on May 15. This means 827 million AEVO tokens or 1.4 billion dollars. On top of that, 6.13 million tokens will be unlocked every day for the next 9 days. This ensures 100% unlocking. Wow!
This is one of the most unusual unlocks I’ve ever seen. Look at this vesting table. However, it is almost a guarantee that this unlock program will affect the AEVO price. The current price is $1.16. This means a 25% decrease in the last 30 days. It is possible for the altcoin price to drop further. Many investors and teams will likely cash out. Anyway, here are the allocations for this unlock:
- Initial private sale investors will receive 172.97 million tokens, or $292 million.
- The team will receive an allocation of 215 million AEVO, or $363 million.
- The DAO treasury will receive 336.59 AEVO tokens. This equals $569 million.
- 103 million AEVOs will enter circulation. This is worth 174 million dollars.
Last ranked altcoin: Pyth Network (PYTH)
The next unlock is happening on Pyth Network. This is the latest oracle in the spotlight. It focuses on data and is a ChainLink challenger. Trying hard to unlock Pyth. The previous lock was opened half a year ago, on November 20, 2023. On that date, we saw TGE and a massive PYTH airdrop. 15 or 1.5 billion tokens, currently worth $1 billion, have been unlocked.
Now, an even bigger unlock is hitting the market. At least 2.13 billion PYTH or $1.42 billion will be unlocked on May 20. The current PYTH price is $0.43. So, after this unlock, we have to wait another 1 year for the next unlock. It is possible that an unlock of this size could reduce the price of PYTH. Now let’s take a look at the allocations:
- A streamer reward of 537.5 million PYTH worth $359 million.
- 1.13 billion PYTH or $751 million is available for ecosystem growth.
- The other 212.5 million PYTH goes to protocol development. This is worth 142 million dollars.
- 250 million PYTH or $167 million is available for private sales.
The opinions and predictions in the article belong to the analyst and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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