Over $84 million tokens have been released this week

More than $84 million in crypto tokens will be unlocked in several major projects between May 19th and 25th. This upcoming surge in insiders marks a pivotal moment for investors.

Data from Tokenomist shows that Pyth Network ($Pyth) alone accounts for more than 90% of the total unlock value next week, with more than $78 million tokens expected to be released. These important insider unlocks often reflect changes in investor strategies or align with the basic growth plan. As a result, market participants are closely watching these developments for potential trading opportunities and attention signals.

The breakdown of next week’s key tokens will be cancelled

This week’s highlight is Pyth Network ($Pyth), which unlocks 12.76% of distribution supply. This is an astounding $78.21 million, significantly outpacing the other tokens.

Following Pyth is Pixels ($Pixel), which unlocks $1.98 million (4.77%), while Morphware ($XMW) is $1.14 million (1.58%). Meanwhile, Karrat and Hooked Protocol ($hook) contribute at $903.51K (3.84%) and 661.59K (1.70%), respectively.

These unlocks are not just the numbers that could restructure the dynamics of supply demand. Some owners may choose to settle, while others may hold the bank to long-term value. Therefore, price responses often depend on broader market sentiment and the volume of trading around the unlock window.

Technical Trends: What to Expect Next

$Pyth is trading within a narrow band of $0.160 to $0.172, with resistance of $0.1722 and solid support of $0.1605.

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Source: CoinMarketCap

Daily trends show small bearish movements, while sustained quantities show strong market interest. A breakout that exceeds resistance can rekindle bullish movements.

Source: CoinMarketCap

Meanwhile, Pixel has experienced range-bound volatility and struggles to infringe on its daily high of $0.0572. Support is around $0.0521, suggesting a downside risk if the volume surges downwards.

Source: CoinMarketCap

However, XMW showed mild bullishness at a higher low, rising from $0.0860, suggesting a possible continuation if it clears $0.0925.

Source: CoinMarketCap

Meanwhile, Karrat has undergone a recession, dropping by 5% in erosion volumes. If it falls below $0.0705, additional losses could continue.

Source: CoinMarketCap

Hook failed to breakout at midday and lowered key resistance at $0.1605, but can exceed $0.1550 when demand is returned.