Source: Cointelegraph
Original: “Token Unlock Weekly Report | Pyth's Unlock Volume Next Week Will Exceed Half of Current Circulating Supply”

Next week, the crypto market will experience a relatively calm token unlocking period, with the overall unlocking scale significantly decreasing. However, amidst this wave of "unlocking lull," the unlocking event of Pyth Network (PYTH) stands out. The project will unlock approximately 212,500 PYTH tokens on May 20, which, based on the current price, has a market value of about $38.27 million, accounting for 58.62% of its current circulating supply. Such a large proportion of release may have a substantial impact on market sentiment and token prices in terms of supply and demand structure, making it a key focus for investors.

| Token | Unlock Volume | Percentage of Current Circulating Supply | Unlock Date | |-------|---------------|------------------------------------------|-------------| | PYTH | 2.13 million | 58.62% | May 20 | | TRIBL | 9.6 million | 6.11% | May 20 | | EIGEN | 1.29 million | 0.43% | May 20 | | MURA | 1 million | 1% | May 23 | | MOCA | 2.43 million | 0.09% | May 23 | | VENOM | 5.926 million | 2.86% | May 25 |

Overview of Core Unlocking Data for Next Week (May 19 to May 25). Source: Tokenomist.

Pyth Network (PYTH)

Pyth Network is a decentralized oracle network focused on providing high-precision, low-latency financial market data for blockchain applications. Its goal is to address the urgent need for real-time, accurate data in DeFi (decentralized finance) applications by integrating first-hand data from major exchanges, market makers, and financial institutions worldwide.

Currently, the main uses of the PYTH token are as follows:

PYTH Token Unlock Curve. Source: Tokenmist.

Tribal Token (TRIBL)

TRIBL is the native token of the Tribal Finance platform, which is dedicated to providing financial services to small and medium-sized enterprises (SMBs) in emerging markets through blockchain technology. Tribal Finance aims to solve the financing challenges these businesses face in the traditional financial system, particularly in regions like Latin America.

The main highlights of the project are:

TRIBL Token Unlock Curve. Source: Tokenmist.

Related: After adding $1 billion in minting, the supply of USDT on Tron will exceed that of Ethereum.

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