May brings a cluster of significant token unlocks across the market. The largest in headline terms is RAIN's first post-cliff release, which frees $90.9M from its strategic sale allocation — a milestone that often tests whether early backers hold or rotate out.
PYTH faces the most structurally significant event: an annual unlock equivalent to 37% of its current market cap, a supply injection large enough to weigh on price if demand doesn't absorb it. PIEVERSE, ZRO, STABLE, ADI, and H each have smaller scheduled monthly unlocks this month.
Token unlocks don't guarantee selling pressure, but they expand the float and shift the supply-demand balance — worth tracking for anyone holding or eyeing positions in these assets.