Investors are keeping a close eye on cryptocurrencies to be unlocked, as well as Bitcoin (BTC) and altcoin prices.
In this context, Chinese crypto journalist Wu Blockchain shared the altcoins that will be unlocked in May.
According to data from research firm Token Unlocks, a total of 20 altcoins are expected to be unlocked in May.
These altcoins include Liquity (LQTY), Galxe (GAL), 1inch (1INCH), Nym (NYM), Tornado Cash (TORN), GMX (GMX), dYDx (DYDX), Euler (EUL), Moonbeam (GLMR), Aptos (APT), Sweat Economy (SWEAT), BitDAO (BIT), ApeCoin (APE), Oasis Network (ROSE), ImmutableX (IMX), Acala (ACA), Roinin (RON), Yield Guild Games (YGG), Avalanche ( AVAX) and Optimisim (OP).
Some of the altcoins in the data of Token Unlocks, which are expected to be unlocked in May, and their values are as follows:
"May 05, $ 1.1 million LQTY,
May 5, $13.1 million GAL
On May 09, $16.7 million DYDX
APT of 45.3 million dollars on May 12
On May 15, 90.8 million dollars of BIT
APE of 60.4 million dollars on May 17
On May 20, $16.8 million IMX
On May 27, 14.7 million dollars of RON
AVAX with $163.5 million on May 28
The $330.9 million OP will unlock on May 31st."
The amount and time of large token unlocking in May. https://t.co/tuQYnSlfTZ pic.twitter.com/EphEz20fpS
— Wu Blockchain (@WuBlockchain) May 4, 2023
Although unlocking the tokens does not mean that there will be a direct sale, such developments can reduce the risk appetite and price for that token. In this context, experts remind that investors should be careful.
*Not investment advice.
