Massive Insider Unlocks Shake Markets: Over $84M in Tokens Set Free This Week

• $PYTH unlock dominates with $78M, influencing over 90% of total token releases
• PIXEL and XMW show mixed technical signals amid modest unlock-driven volatility
• KARRAT and HOOK face bearish pressure, risking further dips if key supports break

More than $84 million worth of crypto tokens are scheduled to be unlocked across several major projects between May 19 and 25. This upcoming surge of insider unlocks marks a pivotal moment for investors, as such events can influence both short-term market volatility and broader token liquidity. 

Data from Tokenomist indicates that Pyth Network ($PYTH) alone accounts for more than 90% of the total unlock value next week, with over $78 million in its tokens scheduled for release. These significant insider unlocks often reflect shifts in investor strategy or align with foundational growth plans. Consequently, market participants are closely watching these developments for potential trading opportunities or cautionary signals

Breakdown of Next Week’s Key Token Unlocks

The highlight of the week is the Pyth Network ($PYTH), unlocking 12.76% of its circulating supply. This amounts to a staggering $78.21 million, vastly outpacing other tokens. 

Following PYTH is Pixels ($PIXEL), unlocking $1.98 million (4.77%), and Morphware ($XMW) with $1.14 million (1.58%). Meanwhile, KARRAT and Hooked Protocol ($HOOK) contribute with $903.51k (3.84%) and $661.59k (1.70%), respectively.

These unlocks are not just numbers they potentially reshape supply-demand dynamics. While some holders might choose to liquidate, others may hold, banking on long-term value. Hence, price reactions often depend on broader market sentiment and trading volumes around the unlock windows.

Technical Trends: What to Expect Next

$PYTH has been trading within a narrow band of $0.160 to $0.172, with resistance at $0.1722 and solid support at $0.1605. 

Source: CoinMarketCap

Although the daily trend shows minor bearish movement, sustained volume indicates strong market interest. A breakout above resistance could reignite a bullish move.

Source: CoinMarketCap

On the other hand, PIXEL is experiencing range-bound volatility, struggling to breach $0.0572, its daily high. Support rests around $0.0521, suggesting downside risk if volume spikes downward. 

Source: CoinMarketCap

XMW, however, is showing mild bullishness with higher lows and rising from $0.0860, hinting at a possible continuation if it clears $0.0925.

Source: CoinMarketCap

Meanwhile, KARRAT has taken a downturn, dropping 5% in value with eroded volume. If it slips below $0.0705, further losses could follow. 

Source: CoinMarketCap

HOOK saw a failed midday breakout, falling back below key resistance at $0.1605, though it may stabilize above $0.1550 if demand returns.