This Week's Crypto Calendar Saw a Large Number of Token Releases

This week's crypto calendar saw a large number of token releases that have the potential to affect price movements across a range of major projects.

Jakarta, DECTRTOPE – This week’s crypto calendar is set to see a large number of token releases from platforms such as WhiteBIT, Aptos, StarkNet, and others, that could affect price movements across a range of major projects.

Scheduled for May 12 to 18, these token releases will add new supply to the market, potentially triggering volatility or creating buying opportunities when prices drop.

Traders and investors should keep an eye on this event, as token releases are often a short-term trigger for volatile price movements.

Here are some of the key token releases to watch out for:

Aptos (APT) – May 12

Aptos (APT) is scheduled to release a batch of tokens on Friday, May 12, amounting to about 59.9 million APT. This amount represents approximately 1.83% of the total market capitalization, and is part of the Aptos protocol’s monthly token release schedule.

The tokens will most likely be distributed to core contributors, investors, and community initiatives.

Historically, APT has experienced modest price corrections after token releases, depending on the market sentiment at the time. For instance, in April, following a large-scale token release, APT's price dropped by about 15%.

While not as large as other token disposals this week, this event still has the potential to create short-term selling pressure.

Traders are advised to closely monitor volume and price movements leading up to and after the release date, in order to identify buying opportunities when prices drop.

WhiteBIT Token (WBT) – May 13th

On Saturday, May 13, WhiteBIT is scheduled to issue WBT tokens worth about $1.2 billion. This sum accounts for about 27.4% of WhiteBIT's total market capitalization.

This is one of the largest token releases scheduled in the crypto world during May and has the potential to create significant selling pressure.

The large number of tokens released will likely affect market liquidity and may cause high volatility in WBT prices.

Investors should be cautious ahead of the release date, as profit-taking from early investors or internal parties could pressure WBT prices, especially if market demand is not strong enough to absorb the new supply.

The new WBT tokens will be distributed among early investors, internal parties, and the company's ecosystem.

The move comes amid increasing interest in the WhiteBIT exchange, which offers a wide range of services, including spot and futures trading for various cryptocurrencies.

As the token release coincides with the launch of the new Pintu Pro Futures service, which allows users to buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from their desktop, it could further increase demand for WBT tokens.

However, with the potential for price volatility, investors are advised to factor in this event when making their investment decisions.

StarkNet (STRK) – May 15

On Monday, May 15, StarkNet is expected to release 100 million STRK tokens, contributing about 1.14% to the token's market capitalization. This release is part of StarkNet's initial launch strategy, which aims to gradually decentralize token ownership.

This large scale of release has the potential for short-term volatility, especially if token recipients decide to sell into the market.

However, the long-term impact may be limited if the tokens are still in the vesting period or allocated for ecosystem development.

As a Layer 2 scalability solution on the Ethereum network that is attracting the interest of many developers, STRK remains a token worth keeping an eye on.

Even so, short-term price fluctuations are possible, especially in a low-liquidity market.

Immutable X (IMX) – May 16

On Tuesday, May 16, Immutable X (IMX) is set to release 1.5 million tokens, contributing a percentage of 0.08 to the token's market capitalization.

Although the percentage is relatively small, these releases can still affect the token price in the short term if the token recipient decides to sell.

The released tokens are expected to be allocated for ecosystem incentives or development teams, thus increasing the circulating supply.

IMX has previously shown resilience in the face of similar token disposals, but general market conditions remain a key deciding factor.

Traders are advised to watch for volume spikes or changes in sentiment, especially if other altcoins are experiencing price pressure.

Arbitrum (ARB) – May 16

Later in the week, on Tuesday, May 16, Arbitrum is planning to release 25 million tokens, amounting to approximately 1.95% of ARB's market capitalization.

This release follows a much larger token disposal back in April, when Arbitrum released 1 billion tokens, which was about 8% of the total market capitalization at the