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

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.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.