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Several crypto projects are set to release major token releases in May, with Aavo, Pyth Network, Memecoin, and Starknet at the forefront. Data Token Unlocks reports that these projects will see the largest token unlocks this month.
Memecoin (MEME) has issued 5.31 billion tokens, representing approximately 31% of its circulating supply and is worth nearly $128 million today.
Aavo is expected to release 827.6 million AAVO tokens on May 15, worth approximately $1.1 billion. These tokens are allocated to the initial private sale investors, the team, the Treasury DAO, and the remaining RNB in circulation (this is part of the token transition process from RBN tokens to AEVO tokens).
After Aavo, Pyth Network will unlock 2.13 billion PYTH tokens on May 20, with an estimated value of $1.1 billion. This release will benefit data publishers, private sales investors, protocol development and ecosystem growth.
The Starknet token unlock is scheduled for May 16. 64 million STRK tokens will be released, representing almost 8.8% of the circulating supply and valued at approximately $82 million. These tokens are intended to projects first contributors and investors.
Other notable token unlocks include Aptos (APT), Arbitrum (ARB), and Avalanche (AVAX).
Aptos will unlock 11.31 million tokens, representing 2.65% of the circulating supply and worth 103 million on May 12.
Arbitrum will release 92.65 million tokens, representing 3.49% of the circulating supply, worth $99 million on May 16.
Finally, Avalanche will release 9.54 million tokens, or approximately 2.5% of its circulating supply, worth approximately $338 million on May 22.
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