Dydx, Etena, Sui and Memecoin are facing cliffs this week: Details

• Dydx and Ethena have planned token activation worth over $ 70 million or $ 45 million
• The activation of the SUI and Memecoin cliffs is planned for May 3.
• Aevo and Pyth will be recorded in May token activation worth over $ 1.2 billion.

Dydx (Dydx), SUI (SUI) and Memecoin (meme) on Tuesday all in the minus, with a decline between 2 % and 5 %. Meanwhile, Ethena (ENA), which was recently introduced on the stock exchanges, defies the wider market with an increase of more than 6 % in the last 24 hours.

According to TOKENunlocks, the activation of cliff tokens is planned for these projects for these projects.

Dydx, Ena- and Sui token activation

While the cryptom market expires in April, old coins continue to reflect Bitcoin's price movements. However, those who will probably be in the spotlight this week include tokens that will bring a large part of their offer to circulation.

Data from tokenunlocks shows that dydx, sui, ena and memema are added to the publication of important token this month. In all the above tokens, the token worth more than $ 10 million was added.

On May 1, Dydx will unlock over 33.3 million Dydx token, which corresponds to a value of around $ 70.6 million and accounts for around $ 11.9 % of the offer. Also on May 1, Ethena will unlock 53.6 million ENA worth around $ 45.2 million, which corresponds to 3.76 % of the circulating offer.

On May 3, Sui and Memecoin will free the $ 40 million or $ 141 million.

🚨 $ meme

About $ 155 million are to be unlocked on May 3, 2024
~ 31.97 % of the circulating offer

5.32 billion tokens are unlocked and airdop, advisory and investors are assigned.

More activation details 👇🏻 pic.twitter.com/3t0d7wblia

-TOKEN-FRIEBLES (@token_unlocks) 27. April 2024

Further top shearers in the first week of May are Galxe (Gal) and Heroes of Mavia (Mavia).

The largest token activation in May will take place for Aevo (Aevo) and Pyth Network (Pyth). According to tokenunlocks, more than $ 1.2 billion will be published on Aevo and Pyth on May 15 and 20.

While projects try to ensure that activation does not exert excessive pressure on token prices, there is still the possibility that massive publications lead to new volatility in the respective markets. Having important information about such developments could be of crucial importance for the decisions of the dealers.