Token Unlocks: $560 Million Worth of Tokens to be Unlocked in June

By 0xK2 On May 29, 2023

In the upcoming month of June, the crypto market will witness a series of token unlocks, with a total value reaching a staggering $560 million USD. A total of 27 token unlock events are scheduled, with three projects dominating the scene, accounting for 53.5% of the total value.

On June 2nd, 1inch (1INCH) will unlock 249.8 million tokens, which constitutes 16.7% of its total supply, amounting to a value of $100.6 million USD. This unlocking event is expected to generate significant market activity and attract attention from crypto enthusiasts.

Another notable token unlock event is scheduled for June 15th. Blur (BLUR) will unlock 196 million tokens, representing 6.5% of its total supply, with a value of $103.1 million USD. Simultaneously, on the same day, BitDAO (BIT) will unlock 187.5 million tokens, making up 2% of its total supply, with a value of $96.1 million USD. These two projects are expected to contribute significantly to the overall market dynamics during the month.

Let’s take a look at the other token unlock events planned for the first half of June 2023, based on information from Token Unlocks:

On June 1st, STEPN (GMT) will unlock $952,000 worth of tokens, Hedera (HBAR) will unlock tokens worth $67.6 million, and Acala (ACA) will unlock tokens worth $1.3 million.
On June 2nd, Nym (NYM) will unlock $4.9 million worth of tokens.
On June 3rd, Sui (SUI) will unlock $63.7 million worth of tokens, and Trader Joe (JOE) will unlock $35,000 worth of tokens.
On June 5th, Liquity (LQTY) will unlock $848,000 worth of tokens.
On June 6th, Tornado Cash (TORN) will unlock 760,000 tokens, and dYdX (DYDX) will unlock $13.8 million worth of tokens.
On June 7th, Hashflow (HFT) will unlock $1.5 million worth of tokens, and Euler (EUL) will unlock $286,000 worth of tokens.
On June 9th, GMX (GMX) will unlock $23,600 worth of tokens, and Hop Protocol (HOP) will unlock $1.7 million worth of tokens.
On June 10th, Moonbeam (GLMR) will unlock $872,100 worth of tokens.
On June 12th, Aptos (APT) will unlock $38.3 million worth of tokens.
On June 15th, LooksRare (LOOK) will unlock $3.3 million worth of tokens.
On June 16th, Flow (FLOW) will unlock $5.6 million worth of tokens.
On June 17th, ApeCoin (APE) will unlock $51.5 million worth of tokens, and ImmutableX (IMX) will unlock $13.9 million worth of tokens.
On June 19th, Osmosis (OSMO) will unlock $215,400 worth of tokens.
On June 22nd, SPACE ID (ID) will unlock $7.7 million worth of tokens.
On June 27th, Ronin (RON) will unlock $16.1 million worth of tokens, and Yield Guild Games (YGG) will unlock $3.3 million worth of tokens.
On June 28th, Cartesi (CTSI) will unlock $24,500 worth of tokens.

These upcoming token unlock events indicate a significant influx of tokens into the crypto market, potentially leading to increased trading volumes and price volatility. Crypto investors and traders should stay vigilant and closely monitor these events as they can have a substantial impact on the market.

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