Investors Keep Tabs on Token Unlocks for Possible Price Influence

PYTH token has a total supply limit of 10 billion. The current circulating supply of PYTH is significantly lower, which has contributed to its relatively high price. However, a substantial number of tokens, amounting to 2.13 billion, will be unlocked on May 20, surpassing the existing circulating supply. This influx of additional tokens could potentially create significant challenges for PYTH’s price in the medium term, as it may lead to increased selling pressure. Stay updated with the latest financial and business news by visiting COINTURK FINANCE.