$3B Worth of Vested Crypto Tokens to Unlock in May
In the month of May, there will be a significant release of vested crypto assets, totaling over $3.1 billion. This release is part of a process called crypto vesting, which is designed to ensure long-term commitment to a cryptocurrency project. By locking these tokens, early investors and team members are prevented from selling their tokens too quickly and then abandoning the project.
Among the projects releasing vested crypto assets, Sui, a layer-1 blockchain platform, will be releasing the largest amount. On May 31, almost one billion tokens will be unlocked for Series A and Series B investors, early contributors, the Mysten Labs treasury, and the community reserve. These tokens are valued at around $1.15 billion.
Pyth Network, a market data platform, will be releasing the second-largest amount of vested tokens in May. On May 20, over two billion tokens will be unlocked for protocol development, ecosystem growth, publisher rewards, and private sale investors. These tokens are worth approximately $1.1 billion.
In addition to Sui and Pyth Network, several other projects will also release their vested crypto assets. Avalanche, Aptos, Arbitrum, Starknet, Optimism, and Immutable together will release over $700 million in tokens.
Aptos will release 11.3 million APT tokens, valued at $101 million, on May 12. These tokens will be allocated to the foundation, community, core contributors, and investors. Avalanche will unlock 9.5 million AVAX tokens, worth around $321 million, on May 22 for strategic partners, the foundation, team, and airdrop.
On May 16, Arbitrum will release an additional $95 million in ARB tokens, allocated to the project’s team and investors. This comes after a previous release of $2.3 billion in tokens on March 16. Starknet will unlock $84 million in tokens on May 15 for investors and early contributors.
Immutable will release $56 million in crypto tokens on May 17 for ecosystem and project development. Optimism will release 24.1 million OP tokens, worth approximately $70 million, on May 29. It’s worth noting that in May 2023, Optimism also released $587 million in OP tokens for early contributors and investors.
The release of these vested crypto assets in May will have a significant impact on the crypto market, with billions of dollars’ worth of tokens being unlocked for various projects.
17 thoughts on “$3B Worth of Vested Crypto Tokens to Unlock in May”
Leave a Reply
You must be logged in to post a comment.
It’s frustrating to see projects releasing such a large amount of tokens, it feels like a money grab
The release of these vested tokens will not only benefit the projects but also contribute to the vibrancy and innovation of the entire crypto ecosystem.
This is going to devalue the tokens and hurt investors
I’m losing faith in the long-term commitment of these projects 🙅♂️
It’s great to see so many projects like Avalanche, Aptos, Arbitrum, Starknet, Optimism, and Immutable releasing their vested crypto assets too! This shows the dynamism and progress of the crypto space.
The unlocking of these tokens will definitely spice up the crypto market. I can’t wait to see how it affects the prices and trading volumes of these projects.
It seems like the early investors and team members are just trying to cash out as quickly as possible
The release of these vested tokens showcases the commitment of early investors and team members to the success of these projects. It’s inspiring to see their dedication.
It’s interesting to see the gradual release of ARB tokens by Arbitrum. May 16 will be another milestone for their team and investors.
Avalanche unlocking $321 million worth of tokens on May 22 is definitely a significant milestone for the project. Looking forward to seeing how it impacts their ecosystem and partnerships.
This is going to create a massive sell-off 📉
It’s fascinating how crypto vesting plays a crucial role in fostering long-term commitment and stability in the crypto market. The process is essential for sustainable growth.
These releases will undoubtedly create new investment opportunities. It’s exciting to think about the possibilities they will bring to the crypto market. 💼💡
I’m worried about the overall stability of the crypto market with all these releases happening at once
This is going to disrupt the balance of the market and cause even more volatility 📈📉
The crypto market never fails to surprise me! These releases highlight the continuous progress and development within the industry.
The release of these vested crypto assets is a true testament to the confidence investors have in these projects. The future of the crypto market looks promising! 🚀