Within the cryptocurrency sector, it’s not uncommon for projects to refrain from releasing the entirety of a token’s supply onto the open market. This strategy is frequently observed among protocols funded by venture capitalists and individual investors.
A segment of the token supply is typically subjected to a vesting arrangement referred to as a lock-up period. Throughout this duration, investors and contributors are restricted from liquidating the cryptocurrency assets or engaging in exchange sales, although certain protocols do permit staking and yield generation with vested tokens.
This month, 19 major crypto assets unlock
Among the 19 projects unlocking tokens worth approximately $3.66 billion this month, two protocols notably emerge. Pyth Network (PYTH), an oracle service provider, will introduce around 2.13 billion tokens into the market, valued at about $1.2 billion presently. TokenUnlocks reports that the release of PYTH tokens will more than double the current supply.
Despite the massive release, tradable PYTH tokens still represent a small fraction of the total Pyth supply, which is nearly 10 billion.
Within the next 10 days of this month, over 827 million Aevo (AEVO) tokens will be unlocked, boosting the protocol’s available supply by more than sevenfold. Aevo provides options, perpetual, and pre-launch trading features on its decentralized exchange. While AEVO has a maximum supply of one billion tokens, only 110 million are currently in circulation. The forthcoming unlock of AEVO tokens is valued at over $1.2 billion in the market.
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