Look At These 10 Large Crypto Token Unlocks In May

May 04,  2023

In May, the cryptocurrency market is set to experience the unlocking of ten large token holdings.

These tokens are worth millions of dollars and could potentially have an impact on the market.

According to Token Unlocks, a website that tracks the unlocking of large crypto tokens, these ten tokens will become available for trading in May.

GAL, DYDX, APT, BIT, APE, ROSE, IMX, RON, AVAX, and OP.

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When a large number of tokens become available for trading, it often leads to a decrease in their price due to the increase in supply.

GAL: Gala is a blockchain gaming platform that utilizes non-fungible tokens (NFTs) to create a unique gaming experience.

Others include DYDX: dYdX is a decentralized exchange (DEX) that offers users access to margin trading and perpetual swaps.

It remains to be seen whether these tokens will experience a sell-off or if they will continue to hold their value.