Pyth Network (PYTH) is about to unlock a massive amount of tokens, and this will likely cause the price to dip.
Per TokenUnlocks, a website that keeps track of crypto unlocks, Pyth will unlock 2.13 billion PYTH (worth $1.04 billion at the time of writing), which is equivalent to around 141.67 percent of the current circulating supply.
The previous unlock, in November 2023, was for 1.5 billion tokens.
I don’t hold PYTH at the moment, and I’m considering buying some, but I’m not sure when. The price of everything is currently down, but then again the unlock will likely cause the price to go down.
Let’s wait and see.
bitcoinea 
Leave a comment