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Over $3 Billion in Vested Crypto Assets Set to Unlock in May, Highlighting Major Releases by Sui and Pyth Network

Over $3.1 billion in vested crypto assets are scheduled for release in May, highlighting significant events for projects like Sui and Pyth Network, each set to unlock over $1 billion in tokens.

Crypto vesting practices help ensure ongoing commitment to projects by restricting the immediate sale of tokens by early investors or team members.

Sui, a layer-1 blockchain platform, is poised to release the highest volume of tokens.

It plans to unlock nearly one billion tokens valued at approximately $1.15 billion for its Series A and Series B investors, early contributors, the Mysten Labs treasury, and its community reserve on May 31.

Pyth Network, a market data platform, will unlock over two billion tokens valued around $1.1 billion on May 20.

These tokens are allocated for protocol development, ecosystem growth, publisher rewards, and private sale investors, with the price per PYTH token currently about $0.51.

Additionally, other crypto projects like Avalanche, Aptos, Arbitrum, Starknet, Optimism, and Immutable are set to release over $700 million in combined tokens.

Specifically, on May 12, Aptos will release 11.3 million APT tokens worth $101 million to various stakeholders including its foundation and core contributors.

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Avalanche plans to unlock 9.5 million AVAX tokens valued at $321 million on May 22 for its strategic partners and team, among others.

Arbitrum, another layer-2 blockchain network, will release $95 million worth of ARB tokens on May 16, designated for its team and investors.

This follows a substantial $2.3 billion token release by Arbitrum to the same groups earlier in March.

Moreover, Starknet is scheduled to unlock $84 million in tokens for its investors and early contributors on May 15.

Immutable will follow with a $56 million release on May 17 aimed at supporting ecosystem and project development.

Lastly, the layer-2 scaling solution Optimism will release 24.1 million OP tokens on May 29, valued at approximately $70 million.

In May 2023, Optimism had also unlocked $587 million in OP tokens for its early contributors and investors, underscoring a recurring theme of substantial token releases in the crypto industry.

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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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