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Several cryptocurrency projects are gearing up for major token releases in May, with Aavo, Pyth Network, Memecoin, and Starknet at the forefront. Data from token opens indicates that these projects will see the largest token opens this month.
Memecoin (MEME) has issued 5.31 billion tokens, making up about 31% of the circulating supply and is worth about $128 million today.
Aavo is scheduled to launch 827.6 million AAVO tokens on May 15, worth about $1.1 billion. These tokens are allocated to the initial private sale investors, the team, the DAO treasury, and the remaining RNB in circulation (this is part of the token transition from RBN tokens to AEVO tokens).
Following Aavo, the Pyth Network will unlock 2.13 billion PYTH tokens on May 20, with an estimated value of $1.1 billion. This release will benefit data publishers, private sale investors, protocol development, and ecosystem growth.
The Starknet token is scheduled to be unlocked on May 16. 64 million STRK tokens will be issued, representing about 8.8% of the circulating supply and worth about $82 million. These codes are intended for Projects Shareholders and early investors.
Other token openings include Aptos (APT), Arbitrum (ARB), and Avalanche (AVAX).
Aptos will open 11.31 million tokens, representing 2.65% of the circulating supply of 103 million on May 12.
Arbitrum will open 92.65 million tokens, representing 3.49% of the circulating supply, worth $99 million on May 16.
Finally, Avalanche will open 9.54 million tokens, about 2.5% of the circulating supply, worth about $338 million on May 22.
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