Market Data 
The crypto market is gearing up for a big month ahead, with over $4.4 billion worth of tokens scheduled to unlock throughout May 2025. Token unlocks often lead to increased market activity, as large amounts of previously locked tokens become available for trading. This can affect token prices, sometimes causing volatility as more supply enters the market.
Some of the biggest token unlock events this month involve WhiteBIT Coin (WBT), Sui (SUI), Pyth Network (PYTH), Aptos (APT), and Arbitrum (ARB) with traders eyeing key dates across the calendar.
WhiteBIT Coin Will Unlock $1.16 Billion Worth of WBT on May 13
According to data from Crypto Rank, one of the biggest unlocks this month comes from WhiteBIT Coin (WBT), with a massive $1.16 billion worth of tokens set to be released on May 13.
The release equals 27.4% of WBT’s total market cap, making it one of the largest relative unlocks this cycle. WBT is currently trading at $30.
Sui and Pyth Network to Release Over $660M in Early and Mid-May
Sui (SUI) will unlock $334.63 million worth of tokens on May 1, while Pyth Network (PYTH) is set to release a near identical amount – $333.86 million on May 20.
$4.4 Billion Worth of Tokens To Be Unlocked in May 🔓
The following notable token unlocks will happen in May:$WBT $1.16B$SUI $334.63M$PYTH $333.86M$APT $63.72M$ENA $33.45M$ZKJ $33.41M$ARB $31.88M$SAROS $28.20M$JTO $20.49M$STRK $19.41M pic.twitter.com/JD6JMoTISX
— CryptoRank.io (@CryptoRank_io) April 28, 2025
Pyth unlock involves 2.13 billion PYTH tokens, accounting for 58.3% of its current market cap, raising concerns over short-term price pressure. At the time of writing, SUI trades at $3.50 and PYTH at $0.15.
Related: Altseason Looms as Bitcoin Holds $90K and Analysts Spot Classic Breakout Signals
Other Notable Unlocks: Aptos, Ethena, Arbitrum, Polyhedra, Saros, Jito Labs
- Aptos (APT) will unlock 11.31 million APT worth $63.72 million on May 12, representing 1.83% of its market cap.
- Ethena (ENA) will unlock 94.19 million ENA tokens worth $33.45 million on May 2, or 1.7% of its cap.
- Arbitrum (ARB) will release 92.63 million tokens valued at $31.88 million on May 16 — about 1.95% of its market cap.
- Polyhedra (ZKJ) will unlock 15.50 million tokens on May 19, worth $33.41 million.
- Saros (SAROS) follows with 213.93 million tokens unlocking the same day, valued at $28.20 million — or 8.15% of its cap.
- Jito Labs (JTO) will unlock 11.31 million tokens worth $20.49 million on May 7, representing 3.5% of its market cap.
- StarkNet (STRK) is set to release 127.60 million tokens on May 15, valued at $19.41 million.
Traders Brace for Volatility as May’s Unlock Schedule Expands
The scale of token unlocks this May has market participants closely tracking tokenomics, supply shocks, and potential sell pressure.
Related: KuCoin’s HAEDAL Listing Brings New Liquid Staking Option to Global Traders
With over $4.4 billion in unlocks scheduled, May is shaping up to be an eventful month for the crypto market.
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