May preview: $1.25 billion Pyth unlock leads major token unlocks from Avalanche, Aptos, Arbitrum, and more | Headlines | News | CoinMarketCap
04/29/2024 08:16
Keeping track of a project's tokenomics can be important for crypto investors—especially when over one billion dollars worth of tokens is at stake. …
Keeping track of a project's tokenomics can be important for crypto investors—especially when over one billion dollars worth of tokens is at stake. That's the case with the much-hyped Pyth Network, which will unlock its first set of tokens to ecosystem participants in three weeks.
But aside from Pyth Network, several other projects in crypto plan to unlock hundreds of millions of dollars worth of tokens. Here are all the significant token unlocks coming up in the month of May, according to Token.Unlocks data.
Memecoin (Memeland): May 3, $150 million
It may be ironic that the coin with the name "Memecoin" ticker MEME isn't, in fact, a memecoin. Memecoin, the token of comedy site 9GAG's Memeland project, will unlock 8.30% of its circulating supply at a current value of about …