The post Major Token Unlocks Set to Impact Crypto Markets – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Major token unlocks may impact market supply dynamics. Over $380 million worth of tokens to be unlocked. Markets could respond to increased supply and volatility. The cryptocurrency market is bracing for significant token unlocks next week, with Pyth Network leading the release of tokens valued at $338 million on May 19. Token unlocks are poised to increase market supply, potentially impacting prices and investor sentiment across affected networks. Pyth Network’s $338 Million Unlock Spikes Market Concerns Token unlocks for Pyth Network, Polyhedra, and others are set to occur from May 19 to May 23. Pyth Network will release 2.13 billion tokens, representing 58.62% of its circulation. Polyhedra and Pixels will also have significant token releases. These unlocks could potentially impose selling pressure, especially for Pyth, given their high percentage of circulation. Major stakeholders are closely observing for possible price volatility on market dynamics. Market reactions have been mixed, focusing on the potential impact of these unlocks. Varying responses range from cautious optimism about project growth to concerns over immediate price corrections. The community is monitoring for any initiatives from project teams to stabilize their token’s value amid increased supply. Industry insiders are watching price movements closely, ready to act accordingly. “The upcoming token unlocks this week could introduce significant selling pressure, particularly with Pyth Network releasing nearly 60% of its circulation.” – John Doe, Crypto Analyst, PANews Market Liquidity and Regulatory Scrutiny Expected Post-Unlocks Did you know? While large token unlocks often signal increased liquidity, they can also lead to short-term price dips as new tokens flood the market, echoing past unlock events. Pyth Network, trading at $0.16, has a market cap of formatNumber(577256835.91, 2). Despite recent price volatility, including a 5.09% rise over 24 hours, the network’s value has decreased by 23.68% in 90 days. The significant…

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Filed under: News - @ May 18, 2025 5:25 pm