Token Unlock Weekly Report | PYTH's unlock volume next week accounts for more than half of the current circulating supply ratio.

Source: Cointelegraph Original: "Token Unlock Weekly Report | PYTH's Unlock Amount Next Week Will Exceed Half of Current Circulating Supply Ratio"

Next week, the cryptocurrency market will experience a relatively calm token unlocking period, with the overall unlocking scale significantly declining. However, amidst this wave of "unlocking lull," the unlocking event of Pyth Network (PYTH) stands out particularly. The project will unlock approximately 212,500 PYTH tokens on May 20, which, based on the current price, has a market value of about $38.2731 million, accounting for 58.62% of its current circulating supply. Such a large proportion of release may have a substantial impact on market sentiment and token prices based on the supply-demand structure, making it a key focus for investors.

Token

Unlocking Volume

Proportion of current circulating supply

Unlock Date

PYTH

2.13 billion tokens

58.62%

May 20

TRIBL

9.6 million pieces

6.11%

May 20

EIGEN

1.29 million pieces

0.43%

May 20

MURA

10 million pieces

1%

May 23

MOCA

2.43 million pieces

0.09%

May 23

VENOM

59.26 million pieces

2.86%

May 25

Unlocking the Core Data Overview next week (May 19 to May 25). Source: Tokenomist

Pyth Network (PYTH)

Pyth Network is a decentralized oracle network focused on providing high-accuracy, low-latency financial market data for blockchain applications. Its goal is to address the urgent need for real-time, accurate data in DeFi (decentralized finance) applications by aggregating first-hand data from major global exchanges, market makers, and financial institutions.

Currently, the main uses of the PYTH token are as follows:

PYTH token unlock curve. Source: Tokenmist

Tribal Token (TRIBL)

TRIBL is the native token of the Tribal Finance platform, which is dedicated to providing financial services to small and medium-sized businesses (SMBs) in emerging markets through blockchain technology. The goal of Tribal Finance is to address the financing challenges these businesses face within the traditional financial system, especially in regions such as Latin America.

The main highlights of this project are:

TRIBL token unlock curve. Source: Tokenmist

Related: After the addition of $1 billion in minting, the USDT supply of Tron will surpass that of Ethereum.