Huo Xing Finance reports that, according to Token Unlocks data, PYTH and ZRO will each undergo a large one-time token unlock this week, releasing over $100 million in total: Pyth Network (PYTH) will unlock 2.13 billion tokens on May 19, valued at approximately $92.46 million, representing 36.96% of the circulating supply; LayerZero (ZRO) will unlock 25.71 million tokens on May 20, valued at approximately $32.65 million, representing 5.07% of the circulating supply; KAITO (KAITO) will unlock 17.6 million tokens on May 20, valued at approximately $8.51 million, representing 4.7% of the circulating supply.
PYTH and ZRO tokens to face major unlocking this week
MarsBitShare
Summary
This week brings major on-chain news as Pyth Network (PYTH) and LayerZero (ZRO) face large-scale token unlocks. On May 19, 21.3 billion PYTH tokens, valued at $92.46 million, will unlock—representing 36.96% of the circulating supply. The following day, 25.71 million ZRO tokens, worth $32.65 million, will unlock, accounting for 5.07% of the supply. Both projects are currently in a network upgrade phase, which includes these scheduled unlocks.
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