#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
Solayer (LAYER) leads $389 million token unlocks this week
Over $389 million worth of tokens are set to be released between May 5 and May 12, with LAYER leading.
According to data from Tokenomist, the upcoming unlocks include both cliff-style events. LAYER will lead the cliff-style unlocks with 27.02 million tokens worth $86.73 million entering circulation, while Solana tops the linear unlocks with 465,770 SOL valued at $67.27 million.
LAYER unlocks $86.73 million worth of tokens
LAYER sets the pace for the list of future cliff-style token launches with 27.02 million tokens valued at $86.73 million to be unlocked. This unlock represents 12.87% of the total unlock supply for LAYER. It is the largest by value of all token releases during this period.
Following LAYER is ENA, which has 171.88 million tokens worth $49.52 million in wait to be released. ENA’s release will boost its available supply by 3.10% and is the second largest in value in this form.
SPEC will have 10 million tokens worth $21.30 million up for unlocking. That is a huge 48.51% of its unlock supply. The percentage is high, meaning a lot more tokens will be unlocked, possibly changing the token’s market condition.
Source: Wu Blockchain
KAS holds 144.64 million tokens worth $13.39 million to be unlocked. This is just 0.55% of unlock tokens. Other large unlocks include MOVE with 50 million tokens worth $8.45 million (2.00% of unlock supply) and NEON with 53.91 million tokens worth $6.10 million (6.93% of unlock supply).
Together, the six cliff-style unlocks will introduce approximately $185.49 million of tokens to circulation. That is virtually half of all the tokens in total value which will be released between May 5 and May 12.
Solana leads linear unlocks
Solana (SOL) continues to always lead the linear token unlock category with 465,770 SOL tokens valued at $67.27 million scheduled for gradual release. Despite this substantial dollar value, the unlock is only 0.09% of Solana’s circulating supply.
Worldcoin (WLD) follows as the second-largest linear unlock, with 37.23 million tokens worth $34.60 million set to be released. This is 2.84% of WLD’s circulating supply and is a more substantial portion than Solana’s unlock.
TAO ranks third with just 50,400 tokens valued at $17.38 million scheduled for unlock. TIA follows closely with 6.96 million tokens worth $16.63 million (1.13% of supply), and Dogecoin (DOGE) will see 96.52 million tokens worth $16.53 million (0.06% of supply) unlocked.
Other notable linear unlocks include Avalanche (AVAX) with 700,000 tokens valued at $13.92 million (0.17% of supply), SUI with 3.35 million tokens worth $10.85 million (0.12% of supply), MORPHO with 6.80 million tokens valued at $9.32 million (2.85% of supply), and Polkadot (DOT) with 2.30 million tokens worth $9.09 million (0.15% of supply).
IP rounds out the major linear unlocks with 2.32 million tokens valued at $8.74 million. Combined, these linear unlocks account for approximately $203.7 million of the total $389 million in token unlocks scheduled for the week.
Less popular unlocks
Aside from the significant token unlocks, there are also some smaller projects that anticipate unlocking tokens between May 5-12. The smaller unlocks might not create a lot of hype in the market but might also affect their respective token prices.
Statistics from CoinMarketCap show that SIPHER (SIPHER) has unlocked 16.07% of its tokens. The second unlock coming up will give 13.25 million SIPHER tokens which are roughly valued at $587,241. That is 1.32% of the tokens that are locked.
Berachain (BERA) has 21.42% of their tokens released and will be sharing 10 million BERA tokens soon. That is approximately $29.53 million. This is 1.99% of all of the locked BERA tokens.
Heroes of Mavia (MAVIA) has unlocked 17.66% of its unlocks with 10.77 million MAVIA tokens set to be released. This amounts to approximately $2.38 million. This is 4.19% of the locked supply.
ZeroLend (ZERO) has released 59.72% of its tokens. Then, it will release 3.49 billion ZERO tokens valued at $338,111, which represents 3.49% of the locked tokens. Animalia (ANIM) has released 69.77% of its tokens. It will release 2.83 million ANIM tokens valued at $2,648, which represents 2.60% of the locked tokens.
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