The cryptocurrency market is bracing for significant token unlocks next week, with leading the release of tokens valued at $338 million on May 19.

, potentially impacting prices and investor sentiment across affected networks.

are set to occur from May 19 to May 23. Pyth Network will release 2.13 billion tokens, representing 58.62% of its circulation. will also have significant token releases. These unlocks could potentially impose selling pressure, especially for Pyth, given their high percentage of circulation. Major stakeholders are closely observing for possible .

focusing on the potential impact of these unlocks. Varying responses range from cautious optimism about project growth to concerns over . The community is monitoring for any initiatives from project teams to stabilize their token’s value amid increased supply. Industry insiders are watching closely, ready to act accordingly.

“The upcoming token unlocks this week could introduce significant selling pressure, particularly with Pyth Network releasing nearly 60% of its circulation.” –

While large token unlocks often signal increased liquidity, they can also lead to short-term price dips as new tokens flood the market, echoing past unlock events.

Pyth Network, trading at $0.16, has a market cap of formatNumber(577256835.91, 2). Despite recent price volatility, including a 5.09% rise over 24 hours, the network’s value has decreased by 23.68% in 90 days. The significant token release may shift these dynamics shortly.

The Coincu research team suggests these unlocks could fuel market liquidity while inducing potential regulatory scrutiny. Historical data indicates a trend towards price stabilization post-unlocks, barring external disruptions. Efforts by some projects to manage supply trends through token burns are crucial during these events. Tracking market responses to these token releases will provide insights into future price patterns and compliance prospects.