PYTH Prepares for Massive $1.24B Token Unlock, Doubling Circulating Supply

• In May, crypto projects are poised for a token unlock surge, with billions of tokens set for release.
• DYDX, Ethena, and MEME will unlock over $200 million in the first week of May.
• PYTH will double its circulating supply with $1.24B tokens distributed to ecosystem participants.

As April winds down, the crypto market gears up to witness a significant influx of unlocked tokens worth billions of dollars from crypto projects like Pyth Network in May. 

Token.Unlocks data shows dYdX (DYDX) has the earliest unlock schedule, with $69.33 million set to be released on May 1 for investors, founders, and future employees. Ethena, the team behind USDe stablecoin, will also unlock ENA tokens worth over $53.6 million on May 1.

Following closely is MEME, with a more substantial $136.87 million to be unlocked on May 3. Of this value, 3.45 billion MEME tokens valued over $88 million are slated for airdrop campaign. Advisors and investors will take the other half, $26.6 million and $21.33 million, respectively. 

MEME coin unlock schedule | Token.Unlock

Meanwhile, Aptos (APT) will lead the unlock event in the second week of May. On May 12, the project will unlock an…

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