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  • Blockchain Timeline

Pyth Network set to unlock approximately 2.13 billion tokens on May 20

The decentralized oracle service, Pyth Network, will unlock its first batch of tokens six months after its launch last November, rewarding ecosystem participants, protocol developers, and early backers.


pyth network token unlock

According to Token Unlocks, the event will release 141% of pyth's current circulating supply or 2.13 billion tokens. Approximately 21% of the tokens unlocked will be for insiders whereas 79% will be allocated to the community through staking rewards and various others apps that use the network.

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