As a seasoned crypto investor with a portfolio valued over $10 million, I’m always on the lookout for promising projects that demonstrate long-term commitment and potential for growth. The recent announcements of upcoming vested asset releases by various projects have piqued my interest.
Approximately $3.1 billion worth of cryptocurrencies held in vesting contracts are set to be released in May. Among these, Sui and Pyth Network are expected to unlock around $1 billion in tokens each.
As a researcher studying the cryptocurrency market, I’ve come across the concept of crypto vesting. This is a strategy employed by projects to encourage long-term commitment from early investors and team members. By vesting crypto tokens, they are locked in place, preventing holders from quickly selling or abandoning the project. This way, the community remains engaged and invested in the project’s success.
As a crypto investor, I’m excited to note that among the projects distributing vested cryptocurrencies, Sui – a layer-1 blockchain platform – stands out with the largest allocation. This release is anticipated to distribute close to one billion tokens on May 31. The recipients include Series A and Series B investors, early contributors, Mysten Labs’ treasury, and the community reserve.
The tokens are worth around $1.15 billion at the time of writing.
As a crypto investor, I’m excited to share that Pyth Network, a prominent market data platform, is set to release a significant amount of tokens in May. Specifically, over two billion tokens will be unlocked on May 20. These tokens will be allocated for various purposes including protocol development, ecosystem growth, publisher rewards, and private sale investors.
At approximately $0.51 per PYTH token, the forthcoming token release is valued around $1.1 billion in total.
In addition to the mentioned projects, namely Avalanche (AVAX) and Aptos (APT), there are other initiatives such as Arbitrum (ARB), Starknet (STRK), Optimism (OP), and Immutable X (IMX), collectively set to distribute over $700 million in tokens.
As a crypto investor, I’m keeping an eye on some upcoming token releases from Aptos and Avalanche. On May 12, Aptos Foundation, community members, core contributors, and investors will receive a total of 11.3 million APT tokens, equivalent to around $101 million. On the other hand, Avalanche has announced that on May 22, they will unlock approximately 9.5 million AVAX tokens, valued at roughly $321 million for their strategic partners, foundation, team members, and airdrop recipients.
On May 16, Arbitrum’s Layer-2 blockchain network will distribute an additional $95 million worth of ARB tokens. This allocation is intended for the project’s team and investors, who had previously received $2.3 billion in tokens on March 16.
As a researcher, I’ve discovered that Starknet has announced the release of $84 million worth of tokens for its investors and early contributors on May 15. On a similar note, Immutable is set to unlock $56 million in crypto tokens for ecosystem and project development starting from May 17.
On May 29, Optimism’s Layer-2 scaling solution will make accessible approximately 24.1 million OP tokens, currently valued at around $70 million. In the past, during May 2023, Optimism distributed a substantial amount of OP tokens worth $587 million to its early supporters and investors.
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2024-05-03 15:12