Over $3 Billion in Crypto Tokens Set to Unlock in June
In June, over $3 billion in crypto assets will be unlocked, down 32% from May's $4.9 billion. This increase in supply may exert pressure on token prices, as reported by Tokenomist.
Total Token Unlocks Dip In June
- June unlocks total approximately $3.3 billion, significantly lower than May’s nearly $5 billion.
- This reduction is primarily due to projects completing earlier vesting schedules.
- The influx of billions in tradable tokens typically destabilizes markets.
Cliffs Versus Gradual Releases
- $1.4 billion will be released all at once through cliff unlocks.
- Nearly $2 billion will enter the market gradually via linear unlocks.
Big Names On The List
- Metars Genesis plans to release over $190 million worth of tokens on June 21.
- SUI will unlock 44 million coins (approximately $160 million) on June 1, with over 3 billion tokens already released.
Other Projects To Watch
- Fasttoken will distribute 20 million tokens (around $88 million) to its founders.
- LayerZero will unlock 25 million tokens valued at over $70 million.
- Aptos will release 11.30 million tokens (about $60 million), while ZKsync will free over 760 million tokens worth nearly $50 million.
- Arbitrum will also contribute to market pressure.
What This Means For Traders
- Large unlock events can lead to price volatility, with cliff events often causing rapid sell-offs.
- Gradual releases may impact prices over a longer period.
- Traders should monitor vesting calendars to manage potential market fluctuations.