Crypto:
36635
Bitcoin:
$92.029
% 1.38
BTC Dominance:
%58.7
% 0.13
Market Cap:
$3.14 T
% 1.16
Fear & Greed:
28 / 100
Bitcoin:
$ 92.029
BTC Dominance:
% 58.7
Market Cap:
$3.14 T

$3.3 Billion in Token Unlocks Set for June!

kilit

In June, the vesting periods of several major crypto projects are coming to an end. As a result, a total of $3.3 billion worth of digital assets will be released into circulation. This marks a 32% decrease compared to the $4.9 billion in token unlocks recorded in May.

Crypto projects typically allocate tokens in advance for team members, early investors, or community funds. However, these tokens are usually locked for a certain period to prevent sudden selling pressure in the market.

Token Unlock Mechanisms: Cliff vs. Linear

The token unlocks in June will occur through two different methods:

  • Cliff unlocks: A total of $1.4 billion worth of tokens will be released all at once.

  • Linear unlocks: Around $1.9 billion worth of tokens will enter the market gradually over time.

Major Token Unlocks in June

One of the most notable events will be by Metars Genesis (MRS), an NFT-focused project. On June 21, it will unlock $193 million worth of tokens to support its partnership in artificial intelligence. Since March, MRS has been releasing 10 million tokens per month, bringing the total unlocked value to nearly $1 billion so far.

Another key unlock is scheduled by Sui. On June 1, 44 million SUI tokens worth approximately $160 million will be released. These tokens will be distributed among the Mysten Labs treasury, early contributors, and the community reserve. The largest portion, valued at over $70 million, is allocated to Series B investors.

To date, Sui has unlocked 3.3 billion tokens worth around $12 billion, representing roughly 33% of its total supply. There are still 5.22 billion tokens, valued at nearly $20 billion, without a confirmed release schedule.

Other Projects Unlocking Tokens in June

Several other projects are also set for significant unlocks in June:

  • Fasttoken (FTN): 20 million tokens (approx. $88 million) allocated to the founding team.

  • LayerZero (ZRO): 25 million tokens (worth $71 million) for core contributors and strategic partners.

  • Aptos (APT): 11.31 million tokens (approx. $61 million) for the foundation, community, and investors.

  • zkSync: Over 760 million tokens, worth about $49 million, will be released for the team and early investors.


You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *