A cluster of token unlocks is set to hit the market next week, with PYTH topping the list at $90.74 million — equivalent to 37% of its current market cap. That scale makes it the unlock to watch: annual releases of this size relative to market cap have historically created measurable sell-side pressure as early investors and ecosystem allocations become liquid.
ZRO follows at $32.63 million, with ESPORTS close behind at $28.81 million. ESPORTS is notable for a structural reason: its monthly unlock cadence resumed after cliffs in March and April, with Team, Advisors & Partners, and Seed & Private Sale allocations all re-entering the float simultaneously — representing 29% of market cap. The remaining four — KAITO ($8.22M), PYBOBO ($6.88M), GWEI ($6.57M), and YZY ($5.91M) — are smaller in absolute terms but still carry meaningful float expansion relative to their respective caps.
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