Next week, the cryptocurrency market will see substantial token unlocks from Pyth Network, Avalanche, and Space ID. Pyth Network leads with a release of 2.13 billion tokens on May 20, surpassing its current circulating supply. Avalanche will unlock 9.54 million AVAX tokens on May 22, distributed among strategic partners and foundation reserves. Space ID follows with an 18.49 million token unlock, aimed at ecosystem growth and airdrop participants. These events could lead to significant market fluctuations, highlighting the dynamic nature of token economics.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
