The cryptocurrency market is losing altitude as the Federal Reserve’s interest rate decision approaches. While the leading crypto Bitcoin fell to the $ 60,000 limit, the leading altcoin Ethereum lost $ 3,000. After a very volatile April, the market is preparing for a new month. Therefore, investors should pay attention to some events in May. Especially events like token unlocks. Because the tokens of at least 20 altcoin projects will flow into the market in May.

Attention: Intensive token un-lock event in May!

At least 20 altcoin projects will launch tokens worth over $10 million in May, according to Token Unlock, a platform that provides information on how restricted tokens are being introduced into the crypto market. The platform’s data shows that projects will cumulatively release $3.661 billion worth of tokens into the crypto market in May.

According to leading Chinese crypto reporter Colin Wu, crypto tokens identified by Token Unlock for major token releases in May include DYDX, ENA, SUI, MEME, GAL, MAVIA and APT. Others include STRK, AEVO, ARB, APE, IMX, ROSE, PIXEL and PYTH. AVAX, ID, YGG, OP and PRIME round out the list. Each of these altcoin projects will launch tokens worth over $10 million.

Source: Token Unlock / Colin Wu

Especially these 2 altcoin investors need to be careful!

Colin Wu has selected two exceptional crypto projects whose tokens will exceed $1 billion in May. Among them is the AEVO token of the Aevo decentralized exchange (DEX). The altcoin project will release 827.6 million tokens on May 15. The total value of the tokens to be released was over $1.25 billion at the time of Wu’s report. This amount represents 757.95% of AEVO’s current circulating supply.

In May, Pyth Network will carry out the second major token unlock event Wu identified. The altcoin project plans to launch 2.13 billion PYTH on May 20. At the time Wu reported, the value of the tokens to be released was about $1.21 billion. This represented 141.67% of PYTH’s circulating supply.

Impact of token un-lock activity of altcoin projects on the market

Token Unlock details give crypto users insight. Thus, it prepares them for the eventual economic dynamics that will enter the crypto market. Most users will adapt their investment strategies to absorb the influx of tokens into the market. Therefore, these events have the potential to influence market sentiment.

The statements in the article are not investment advice. Cryptocoin.com we strongly recommend that you do your own research before investing.