Token

Arbitrum

Donald Trump

In June, vesting periods for over 30 blockchain projects are set to expire, potentially unleashing nearly $875 million of locked cryptocurrencies onto the markets. This practice, known as crypto vesting, aims to prevent project team members or early investors from suddenly dumping their tokens, which can cause significant downward pressure on token prices. 
Several prominent projects like Aptos (APT), Arbitrum (ARB), Starknet (STRK), and Sui (SUI) are set to unlock their tokens in June. Notably, the Ethereum layer-2 network Arbitrum is going to release 92.65 million ARB tokens worth $105.6 million on June 16. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 According to TokenUnlocks, the large-amount unlocks in June (unlocked amount greater than $10m) include 1INCH DYDX SUI ENA APT IMX STRK ARB APE PIXEL ID ALT YGG, etc., with an unlock value of over 739 million US dollars.<a href="https://t.co/tuQYnSlfTZ" target="_blank">https://t.co/tuQYnSlfTZ</a> <a href="https://t.co/reHIhab3VX" target="_blank">pic.twitter.com/reHIhab3VX</a>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1796445864569028784?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 31, 2024</a>
 </blockquote> 
 </div>
</figure> 
A substantial portion of these tokens, worth nearly $64 million, will be allocated to the project’s team and advisers, while the remaining $41.6 million will be released to investors. 
Similarly, Aptos will unlock 11.1 million APT tokens worth $102.6 million in June, with distributions planned for its foundation, community, core contributors, and investors. Starknet will release 64 million STRK tokens worth $78 million on June 15, mainly for early contributors and investors. 
In addition, Optimism will unlock 31.34 million OP tokens, valued at approximately $78 million, following a similar release in May. Sui is also set to unlock 65 million tokens worth $66 million on June 1 for its Series A and Series B investors, early contributors, and community reserve. 
These unlocks come after a period of significant token releases, indicating potential market impacts as these tokens become available for trading. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/31/trump-found-guilty-on-34-felony-count-of-falsifying-records/" target="_blank" rel="noreferrer noopener">Donald Trump Convicted, MAGA Token Goes Wild Post Verdict</a> 
</blockquote>

Crypto Market Anticipates $875 Million Token Unlock in June

The Crypto Times

Další články publikované 31. 5. 2024

US Spot Bitcoin ETFs Show Slow Advisor Adoption Despite $200 Billion Milestone

Animoca founder: $200T crypto market within 10 years

Alleged Scammer Raises $300,000 with Iggy Azalea Memecoin Amid Celebrity Accusations

$8.12 Billion in Bitcoin and Ethereum Options Expiring Today: Market Impact

Bitcoin An ‘Important Part’ Of Our Economy, US Senator Says

JASMY’s Partnership with Apple Sparks Bullish Wave: What’s Next?

Join our free newsletter for daily crypto updates!