Pyth Network drove the largest token unlock event of the week ending May 24, with $90.74 million in tokens becoming available, followed by ZRO with $32.63 million and ESPORTS with $28.81 million, according to unlock tracking data. Combined, the top seven token unlock events totaled approximately $173 million in circulating supply additions.
The remaining unlocks included KAITO with $8.22 million, PUBOBO with $6.88 million, GWEI with $6.57 million, and YZY with $5.91 million. Large token unlocks during a given week can create selling pressure as early investors and team members gain liquidity to exit positions, potentially impacting price action for affected projects.