Pyth, LayerZero and Kaito to Release $770M+ in May

More than $770 million in crypto tokens are scheduled to unlock during the week of May 19, 2026. The largest releases come from Pyth Network on May 19 and LayerZero and Kaito on May 20. The total includes additional smaller tranches from projects such as Multibank Group’s MBG, YZY and SOON.

Pyth Network will release 2.13 billion PYTH on May 19. That amount equals about 21.3% of Pyth’s 10 billion total supply and roughly 37% of its current released supply. The newly released tokens are valued at about $92.46 million. The distribution allocates 1.13 billion PYTH to ecosystem growth, 537.5 million to publisher rewards, 250 million from private sales and 212.5 million for protocol development.

LayerZero will unlock 25.71 million ZRO on May 20, a tranche worth roughly $32.65 million. The amount represents about 5.1% of the circulating supply and about 2.6% of the protocol’s 1 billion total supply. Allocation details list 13.42 million ZRO for strategic partners, 10.63 million for core contributors and 1.67 million accounted as repurchased tokens.

Kaito will release 17.6 million KAITO on May 20, valued at about $8.58 million. The release is about 4.7% of Kaito’s released supply and 1.76% of its 1 billion total supply. Distribution includes 1.19 million KAITO to the foundation, 6.94 million for core contributions, 2.31 million to early backers and 7.16 million for ecosystem and network growth.

Pyth Network provides real-time financial market data to blockchain applications, sourcing feeds from more than 120 first-party publishers including exchanges and market makers. LayerZero offers cross-chain communication infrastructure to enable decentralized applications to interact across multiple blockchains. Kaito is an AI-driven Web3 information platform that aggregates market data from social media, governance forums and news; its token is used for exchange, governance and incentives within the platform.

Token unlocks are being distributed across ecosystem initiatives, rewards for contributors and partners, and reserves from early sales. Market participants will observe the scheduled releases as the unlocked tokens enter the available supply.