PYTH · the year's big unlock is behind it, the next is a year out.
PYTH is the governance and incentive token of Pyth Network, a cross-chain price oracle native to Solana — a fixed 10B supply with about 79% circulating, growing only when a scheduled vesting cliff unlocks.
Sell pressure. The one big unlock — a ~2.13B cliff — already landed on May 19 2026; the next isn't until May 2027, so no new unlocked supply hits the market in the next 90 days.
Buy pressure. A monthly on-chain buyback removes roughly 6.5M PYTH over the same period, funded by protocol revenue and parked in a reserve.
Net. About −0.1% to market over the next 90 days — supply roughly flat, tilting slightly down as the small buyback runs with no unlock to offset it.
- July reserve buyback~2MJul 2026 · removed from market
- August reserve buyback~2MAug 2026 · removed from market
- September reserve buyback~2MSep 2026 · removed from market
PYTH is a fixed-supply token — every one of the 10B was minted at launch, and there is no block reward or staking mint that creates new coins. Supply only grows when a vesting cliff unlocks tokens that already exist.
The big annual cliff — about 2.13B PYTH for early contributors and investors — already unlocked on May 19 2026, just before this window. The next cliff is not until May 2027, so no fresh unlocked supply reaches the market over the next 90 days.
About 2,125M PYTH (~21% of supply) is still locked across ecosystem, publisher-reward, protocol-development and private buckets, all on the published annual May schedule — no discretionary or off-schedule release in the window, monitored.
No bankruptcy estate or court-ordered distribution applies to PYTH.
A monthly on-chain buyback funded by protocol revenue buys PYTH on the open market — about 2M coins a month, roughly 6.5M over 90 days — and parks them in a reserve, removed from the tradable float.
PYTH has no token-burn mechanism; nothing is destroyed at the protocol level.
No discretionary open-market buying outside the published monthly reserve buyback — monitored.
No new multi-year lock or escrow announced in the window; the reserve where bought-back coins sit is already counted in the buyback above.
My research. My portfolio. Free.
Deep research weekly. My real holdings monthly.