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Pyth, LayerZero and Kaito Face Token Unlocks Worth More Than $137 Million

Pyth, LayerZero and Kaito Face Token Unlocks Worth More Than $137 Million

Next week’s scheduled token unlocks include Pyth’s 2.13 billion PYTH release on May 19, with 1.13 billion earmarked for ecosystem growth, alongside LayerZero and Kaito unlocks that could affect trading dynamics.

PYTH
KAITO

Fact Check
The core facts are well-supported: Pyth's 2.13 billion PYTH unlock on May 19 (with 1.13B for ecosystem growth) is confirmed by CryptoBriefing and PANews. LayerZero's ZRO (~$33.4M) and Kaito's KAITO (~$7.9M) unlocks are confirmed by PANews and Odaily. The combined value of these three unlocks is approximately $136.8M, which is just under the claimed '$137 million' threshold but consistent with rounding at the time of reporting given price fluctuations. The Odaily source explicitly frames all three projects together and states the total exceeds 136 million USD. The KuCoin source references a $137.6M figure but attributes it to PYTH+ZRO+MBG rather than PYTH+ZRO+Kaito, suggesting the '$137M+' headline figure may conflate different groupings of tokens. The slight discrepancy in the total (whether it clears $137M depends on token prices at the moment of calculation) and the ambiguity over which tokens constitute the 'top three' introduce minor uncertainty, but the headline claim is broadly accurate.
Summary

Pyth, LayerZero and Kaito are set for token unlocks with a combined value of more than $137 million based on the figures provided. Updated data shows Pyth Network will unlock 2.13 billion PYTH on May 19, worth about $95.5 million and equal to 36.96% of circulating supply, making it the largest scheduled release; Pyth also states that 1.13 billion of those tokens are allocated to ecosystem growth. LayerZero will unlock 25.71 million ZRO on May 20 worth about $33.4 million, while existing topic data indicates Kaito plans to release 17.6 million tokens valued at about $7.78 million. Token unlocks are closely watched because they increase circulating supply and can affect trading dynamics, while Pyth’s large allocation may also intensify competition in the oracle sector.

Terms & Concepts
  • Token unlock: The scheduled release of previously restricted or vested tokens into circulation, often increasing the tradable supply in the market.
  • Circulating supply: The number of tokens currently available for trading in the open market, excluding locked or restricted holdings.
  • Oracle: A blockchain data service that delivers external information, such as market prices, to smart contracts and other decentralized applications.