Weekly Token Unlocks: PYTH to Unlock Tokens Equivalent to 37% of Circulating Supply
- Key Insight: Pyth Network, LayerZero, and Kaito are all scheduled for upcoming token unlocks, with a total unlocked value exceeding $136 million. Among these, Pyth Network's unlock is the largest in scale, potentially having a significant impact on market liquidity and token prices.
- Key Details:
- Pyth Network will unlock 2.12 billion tokens in this event, valued at approximately $95.24 million, making it the project with the highest unlock value among the three.
- LayerZero plans to unlock 25.71 million tokens, worth around $32.91 million. As a full-chain interoperability protocol, this unlock event is drawing attention from the cross-chain ecosystem.
- Kaito will unlock 17.6 million tokens, valued at approximately $7.78 million. As an AI-driven Web3 information platform, its unlock amount is smaller but still attracts attention from the AI sector.
- Large-scale token unlocks typically increase the circulating supply in the market, which could exert downward pressure on short-term prices. The actual impact needs to be assessed in conjunction with the project's specific release curve and market absorption capacity.
- The unlocks of these three projects are concentrated in the same period, releasing a combined value of approximately $136 million in tokens, which could trigger broader market concerns about capital outflows.
Pyth
Project Twitter: https://twitter.com/PythNetwork
Project Website: https://pyth.network/
Tokens Unlocked This Time: 2.12 Billion
Value of Unlocked Tokens: Approximately $95.24 Million
Pyth Network is a decentralized oracle project providing real-time, precise financial market data covering DEXs, derivatives, DeFi lending, stablecoins, synthetic assets, etc., aimed at enhancing the functionality and reliability of decentralized finance (DeFi) applications.
The specific release curve is as follows:
LayerZero
Project Twitter: https://x.com/LayerZero_Core
Project Website: https://layerzero.network/
Tokens Unlocked This Time: 25.71 Million
Value of Unlocked Tokens: Approximately $32.91 Million
LayerZero is an omnichain interoperability protocol designed for lightweight cross-chain message passing. LayerZero provides trusted and guaranteed message delivery with configurable trustlessness.
The specific release curve is as follows:
Kaito
Project Twitter: https://x.com/KaitoAI
Project Website: https://www.kaito.ai/
Tokens Unlocked This Time: 17.6 Million
Value of Unlocked Tokens: Approximately $7.78 Million
Kaito is an AI-driven Web3 information platform designed to solve the problem of information fragmentation in the crypto industry. By aggregating data from sources like social media and governance forums, Kaito leverages AI technology to provide real-time search, sentiment analysis, and trend tracking.
The specific release curve is as follows:
