Token unlocks are having a significant impact on market liquidity and price volatility. Three notable projects—Polyhedra Network (ZKJ), Melania Meme (MELANIA), and Pyth Network (PYTH)—are preparing to release a large quantity of tokens this week.

Polyhedra Network (ZKJ) is unlocking 15.50 million ZKJ tokens on May 19, which constitutes 1.55% of the total supply. ZKJ is the utility token used within the network for operations, incentives, and governance. Melania Meme (MELANIA) will unlock 22.50 million tokens on May 20, representing 2.25% of the total supply. Meanwhile, Pyth Network (PYTH) is set to release 2.13 billion tokens on the same day, equivalent to 21.3% of the total supply.

These token unlocks may introduce significant sell-side pressure, raising concerns about price fluctuations in the market. It is advised for investors and traders to closely monitor liquidity conditions and wallet activities, especially related to team and private sale token allocations.