The crypto landscape is getting ready for a week full of token unlocks. Particularly, a total of $205M will be unlocked across the prominent DeFi projects. As per the data from DefiLlama and CryptoRank, the leading token unlocks of the upcoming week take into account Pyth, LayerZero, and Canton. Hence, these unlocks underscore the growing investor interest and the chances of notable growth ahead.
Pyth Dominates Next Week’s Top Token Unlocks with $95.7M Allocation
Pyth is the top among the top crypto unlocks of the upcoming week. In this respect, the project is going to unlock a total of $95.7M on the 20th of May. This amount accounts for a cumulative 2.13B $PYTH, equaling 21.3% share of the total supply. Subsequently, LayerZero has emerged as the 2nd top player in the crypto industry when it comes to the next week’s key token unlocks. Specifically, it is unlocking 25.7M $ZRO, denoting 2.57% of the cumulative supply. Specifically, with a total valuation of $33.3M, this unlock will take place on the 20th of May.
Subsequently, Canton is another noteworthy player getting a place among the upcoming weekly token unlocks. The project is currently engaged in a token unlock of up to $23.3M value. This includes 156M $CC, accounting for 0.41% of the overall token supply. Then comes Official Trump, getting the 4th top spot among the token unlocks with a $14.9M allocation. The respective unlock is ongoing, taking into account 6.33M $TRUMP, nearly 0.63% of its supply.
Following that, Multibank has allocated $8.32M for its latest token unlock, which is scheduled for the 22nd of this month. The respective amount equals 27.2M $MBG and 2.72% of supply. Additionally, Kaito is going to unlock $7.63M via 17.6M $KAITO tokens. So, it will unlock 3.26% of its supply on May 20.
SOON Bottoms List with $3.66M Allocation for Latest Token Unlock
According to DefiLlama and CryptoRank, ETHGAS is unlocking 46.65M $GWEI ($7.24M) on May 21, expressing 0.47% of the token supply. Additionally, YZY is releasing 20.83M $YZY ($almost $6.29M) on May 18, underscoring 2.1% of the token supply. Then, SoSoValue’s $4.80M allocation set to unlock on May 24 denotes 13.32M $SOSO tokens and 0.133% of the token supply. Ultimately, SOON is the last among the next week’s token unlocks based on valuation. It is unlocking $3.66M on May 23rd, equaling 21.88M $SOON tokens and 2.19% of the total supply.