Sui, Pyth Network, Avalanche, Arbitrum and Aptos are set to release vested crypto tokens in May, according to data tracker Token Unlocks.
Vested crypto assets worth over $3.1 billion will be released in May, with projects like Sui and Pyth Network unlocking over $1 billion in tokens each.
Crypto vesting is done to promote continued dedication to a crypto project. Vested crypto tokens are locked to prohibit early investors or team members from hastily dumping their tokens and then leaving the project.
Among the projects releasing vested crypto assets, layer-1 blockchain platform Sui will release the largest amount. The project is expected to unlock almost one billion tokens for its Series A and Series B investors, early contributors, the Mysten Labs treasury and its community reserve on May 31.
