Crypto Market Will See $4.4B Worth of Tokens Unlocked in May: WBT, SUI, PYTH, APT, ARB

The crypto market is gearing up for a big month ahead, with over $4.4 billion worth of tokens scheduled to unlock throughout May 2025. By Coin Edition.

May will be a busy month for the crypto market, with over $4.4 billion worth of tokens set to unlock throughout the month.

Token unlocks often lead to increased market activity, as large amounts of previously locked tokens become available for trading. This can affect token prices, sometimes causing volatility as more supply enters the market.

Some of the biggest token unlock events this month include WhiteBIT Coin (WBT), Sui (SUI), Pyth Network (PYTH), Aptos (APT), and Arbitrum (ARB), with traders eyeing key dates across the calendar.

According to data from Crypto Rank, one of the biggest unlocks this month comes from WhiteBIT Coin (WBT), with a massive $1.16 billion worth of tokens being released on May 13.

The release equals 27.4% of WBT’s total market cap, making it one of the largest relative unlocks this cycle. WBT is currently trading at $30.

Sui (SUI) will unlock $334.63 million worth of tokens on May 1, while Pyth Network (PYTH) is set to release a nearly identical amount — $333.86 million — on May 20.

Pyth’s unlock will see 2.13 billion PYTH tokens released, which amounts to 58.3% of its current market cap, raising concerns over short-term price pressure. At the time of writing, SUI trades at $3.50 and PYTH at $0.15.

Other notable unlocks include Aptos (APT) with $63.72 million, Ethena (ENA) with $33.45 million, and Arbitrum (ARB) with $31.88 million. These unlocks are smaller in size but could still impact the market, especially if they occur in a short period.

Moreover, smaller unlocks will also take place for tokens like Polyhedra (ZKJ), Saros (SAROS), Jito Labs (JTO), and Strike (STRK), with amounts ranging from $20 million to $30 million.

The scale of token unlocks this May has market participants closely tracking tokenomics, supply shocks, and potential sell pressure.

With over $4.4 billion in unlocks scheduled, May is shaping up to be an eventful month for the crypto market.