Over $650 million in tokens will be unlocked in June! Including ARB, APT, STRK, OP, IMX, ID, etc.

Entering June, in addition to paying attention to the final review results of the Ethereum spot ETF that may be released at the end of the month, cryptocurrency investors will also have a large number of tokens unlocked and released this month. The total value will exceed US$650 million.

"Token unlocking" means that the tokens allocated to early investors, team members, and development contributors are released after being locked for a period of time. In other words, the holders will be able to sell the tokens for cash, so they are often will be regarded as a "bad event".

Cryptocurrency analysis company 10x Research warned last month that large-scale token unlocks may impact the altcoin market, and venture investors may face pressure to lock in recent gains, which means that "when tokens Once unlocked, even if these tokens have positive momentum, their upside performance will be limited.”

Token Unlocks data shows that although multiple projects and protocols will unlock tokens in June, with a total value of more than 650 million US dollars, Arbitrum (ARB) and Aptos (APT) alone account for their share. $100 million. The tokens and amounts that will be unlocked this month are as follows:

Aptos (APT): June 12, $102 million

Aptos was organized by former team members of the Meta stablecoin project Diem One of the Layer 1 public chain projects (the other is Sui) will unlock 11.31 million APT tokens (accounting for 2.59% of the circulating supply) on June 12, which is worth approximately US$102 million based on the current currency price.

Immutable X (IMX): $56.42 million on June 14

Web3 gaming company Immutable 1.72%), which is worth approximately US$56.42 million based on the current currency price.

StarkNet (STRK): June 15, $79.36 million

The Ethereum Layer 2 network StarkNet announced its 2024 roadmap in March this year, promising to increase throughput and reduce transaction fees. On June 15, 64 million STRK tokens (accounting for 5.6% of the circulating supply) were unlocked, worth approximately US$79.36 million at the current currency price.

Arbitrum (ARB): June 16, $103 million

Arbitrum recently became the first Layer 2 network on Uniswap to reach $150 billion in total trading volume and will be on June 16 Unlock 92.6 million ARB tokens (3.2% of the circulating supply), worth approximately US$103 million at current currency prices.

Space ID (ID): June 22, US$56.35 million

Space ID is a decentralized domain name protocol based on the BNB chain and the Arbitrum One chain. It provides users with Web3 domain names and The one-stop platform for identity will unlock 78.5 million ID tokens (accounting for 18.3% of the circulating supply) on June 22, worth approximately US$56.35 million based on current currency prices.

Optimism(OP): $75.83 million on June 30

Optimism, which recently launched support for Layer3 to join Superchain, will unlock 31.3 million OP tokens on June 30 (accounting for 2.9% of the circulating supply), worth approximately US$75.85 million at the current currency price. Optimism recently crossed the threshold to unlock 25% of its tokens, with three-quarters of its tokens still locked.

Other Tokens

• June 17th: ApeCoin will unlock 15.6 million APE tokens (2.5% of the circulating supply), based on the current currency price Valued at approximately US$20.59 million

• June 19: Pixels will unlock 54 million PIXEL tokens (7% of the circulating supply), worth approximately US$28.83 million at the current currency price USD

• ##June 25: AltLayer will unlock 105 million ALT tokens (accounting for 6.92% of the circulating supply), worth approximately US$38.19 million at the current currency price

• June 30: Echelon Prime will unlock 1.7 million PRIME tokens (4% of the circulating supply), worth approximately US$26.43 million at current currency prices

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