Highlights:
- Over $650 million worth of cryptocurrency tokens will be unlocked in June 2024, impacting several cryptocurrencies.
- Key projects like Aptos, ImmutableX, and Arbitrum will see significant token releases, influencing market dynamics.
- The week will see $12.59 million worth of tokens unlocked, impacting LQTY, GAL, EUL, HFT, and 1INCH.
The cryptocurrency market is poised for significant activity this June as more than $650 million worth of tokens are scheduled to be unlocked. This event marks a key moment for investors and traders alike, with notable tokens from various blockchains affecting liquidity and potentially influencing market trends.
🪂 More than $650M worth of tokens will be unlocked in June.
📋 Here is the list:
• Aptos $APT: June 12, $100M
• ImmutableX: June 14, $55M
• StarkNet: June 15, $75M
• Arbitrum $ARB: June 16, $103M
• ApeCoin: June 17, $20M
• Pixels: June 19, $25M
• Space ID: June 22, $56M… pic.twitter.com/G5wdlh2XkI— Airdrop Official 🦇🔊 (@its_airdrop) June 3, 2024
Major Tokens on the Release Schedule
Aptos (APT)
On June 12, the platform will unlock approximately $100 million worth of Aptos tokens. Aptos features scalable and efficient blockchain technology, supporting high throughput and low latency transactions.
ImmutableX (IMX)
ImmutableX, a layer-2 solution for NFTs on Ethereum, will see $55 million worth of tokens unlocked on June 14. This development aims to enhance the scalability and usability of NFT transactions.
StarkNet (STRK)
StarkNet, a decentralized roll-up solution that enhances Ethereum’s scalability and security, will unlock $75 million in tokens on June 15. This unlock is anticipated to boost its ecosystem’s growth and adoption.
Arbitrum (ARB)
Arbitrum, a layer-2 scaling solution for Ethereum, will release $103 million worth of tokens on June 16. This event is expected to impact the network’s liquidity and usage significantly.
ApeCoin (APE)
On June 17, ApeCoin, associated with the popular Bored Ape Yacht Club NFT collection, will unlock $20 million worth of tokens. This release could drive further engagement and development within the ApeCoin ecosystem.
Pixels (PIXEL)
Pixels, a project focused on digital art and NFTs, will see $25 million worth of tokens unlocked on June 19. This unlock is expected to enhance the project’s visibility and adoption.
Space ID (ID)
Space ID, a platform for identity and access management in Web3, will unlock $56 million worth of tokens on June 22. This event is anticipated to drive the platform’s growth and user engagement.
AltLayer (ALT)
AltLayer, known for its decentralized cloud computing solutions, will release $36 million worth of tokens on June 25. This release will enhance the platform’s capabilities and adoption.
Optimism (OP)
On June 30, Optimism, an Ethereum layer-2 scaling solution, will unlock $77 million worth of tokens. This event will likely impact the network’s liquidity and broader ecosystem development.
Echelon Prime (PRIME)
Also, on June 30, Echelon Prime, a project focused on decentralized finance (DeFi) solutions, will unlock $28 million worth of tokens. This release will boost the project’s market presence and adoption.
Weekly Cliff Unlocks for June 3-9, 2024
This week, several prominent tokens amounting to $12.59 million have experienced significant cliff releases. These include LQTY, GAL, EUL, HFT, and 1INCH.
🔓 Weekly Cliff Unlocks : 3 – 9 JUN 24 🔓
🔥 $ 12.59 m 🔥
🌟 Highlights Unlocks 🌟$LQTY (0.68%) – $0.74m$GAL (1.76%) – $2.03m$EUL (0.32%) – $0.27m$HFT (3.36%) – $3.98m#1INCH (<0.00%) – $11k
.
.
( % of cir. supply) pic.twitter.com/zLUM0Zlmgo— Token Unlocks (@Token_Unlocks) May 31, 2024
LQTY will unlock 657.35k tokens on June 5, 2024, contributing $742.81k, representing 0.68% of its circulating supply. Similarly, GAL will unlock 2.03m tokens on the same day, valued at $7.59m, equating to 1.76% of its circulating supply.
On June 6, 2024, EUL will unlock 60.56k tokens worth $270.72k, accounting for 0.32% of its supply. HFT will see a significant unlock on June 7, 2024, with 13.62m tokens valued at $3.98m, making up 3.36% of its supply. Finally, 1INCH will unlock 21.43k tokens on June 9, 2024, valued at $11.10k.
Impact on the Market
The total value of the monthly token unlocks exceeds $650 million, marking a significant movement in the cryptocurrency market. Each unlock will influence the market dynamics. Therefore, investors should closely watch how these releases will affect token prices and overall market sentiment.
Additionally, zkSync, a prominent player in the crypto space, plans to conduct an airdrop this month. Consequently, this event will likely stimulate market activity further, adding another layer of interest for investors and traders alike.
The combination of these token releases and the expected zkSync airdrop makes June a critical month for the cryptocurrency market. The substantial value of unlocking tokens and the potential airdrop underscore the imminent vibrancy and volatility of the market.
Learn More
- PEPE Price Surges as New Wallet Acquires 202 Billion Coins from Binance
- Next Cryptocurrency to Explode in 2024
- Best Meme Coins to Buy Now
Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
