There are 21 token unlocks planned in May, which will see a total of more than $794 million worth of tokens in circulation, according to Token Unlocks data.
Optimism (OP) Will Host The Largest Unlock Worth $329 Million According To Token Unlocks numbers. Avalanche (AVAX) and BitDAO (BIT) follow with the second and third largest unlocks at $162 million and $92 million, respectively.
The top three
On the last day of the month OP Edition 154,618,822.65 tokens, which make up 3.6% of the total OP supply. The amount equates to $330,884,280 at the time of writing, which accounts for about 41% of the total value scheduled to unlock.
Three days before the OP unlock, on May 28, AVAX will unlock 1.325% of the total supply, which amounts to 9,541,800 tokens. At the current AVAX trading price, the project appears to be putting $163,164,780 worth of tokens into circulation.
The third largest unlock of the month will be held by BIT on May 15. The project will Edition almost 2% of the total supply. A total of 187,499,999.36 tokens will be unlocked, which amounts to $92,828,062 at the time of writing.
Other unlocks
The first unlock of the month comes from 1 Inch (1INCH) on May 1, and the project will Edition nearly $10,000 in tokens in circulation. NYM (NYM) and JOE (JOE) will be unlocked on the same day, May 3. NYM will too Edition over 73 million tokens, equating to over $16 million, while JOE will unlock more than 108 million a day, worth nearly $50 million.
On May 5, there are two unlocks of Liquity (LQTY) and Galxe (GAL) worth more than $1.1 million And $13.2 million, respectively. On May 7, Tornado Cash (TORN) will do just that unlock 1.75% of the total supply – equivalent to 175,000 tokens currently worth over $1 million.
GMX (GMX) and dYdX (DYDX) have their unlocks scheduled for May 9. GMXs unlock period will release over $28,000 worth of tokens daily while DYDX will unlock over 6 million tokens currently valued at over $16 million.
Euler (EUL), MoonBeam (GLMR), Aptos (APT), and Sweat Economy (SWEAT) will keep their unlocks on May 10, 11, 12, and 13, respectively. EUL will unlock over $300,000, while GLMR will Edition over $70,000 in tokens daily until it ramps up to over $4 million. APT and SWEAT will be released $46 million And $1 million value of tokens, respectively.
On May 17 and 18, ApeCoin (APE) and Oasis Network (ROSE) are expected to more than $60 million And $12 million value of tokens, respectively. Immutable X (IMX) does Edition over 18 million tokens as of May 20, equating to over $17 million at the time of writing.
Acala (ACA) will Edition another $405,783 in tokens on May 25, while Ronin (RON) and Yield Guild Games (YGG) will be unlocked via $14 million And $3 million value of tokens on May 27, respectively.