Golden Finance reports that according to Cointelegraph, the cryptocurrency market is expected to witness a relatively concentrated wave of token unlocking in June, with the total value of unlocked tokens estimated to exceed 2.7 billion US dollars. Among them, the unlocking scales of tokens such as SUI, ZRO and APT are particularly prominent, involving amounts of 206.33 million US dollars, 64.29 million US dollars and 58.52 million US dollars respectively.
SUI, as the native token of the high-performance public chain Sui Network, will unlock a large number of tokens in June. Its unlocking mechanism is closely related to the project’s development. A portion of the unlocked tokens will be used to encourage ecosystem construction, reward early investors, and promote community development. The scale of this unlocking amounts to 206.33 million US dollars, which may have a certain impact on the market liquidity and price trend of SUI. If the market remains optimistic about the prospects of the SUI project, the newly added circulating tokens may be effectively absorbed by the market. Conversely, a large inflow of tokens into the market in the short term may exert downward pressure on prices.
LayerZero’s ZRO token unlocking has also attracted much attention. LayerZero, as an important project in the field of cross-chain interoperability protocols, plays a crucial bridging role in the blockchain ecosystem. The 64.29 million US dollars of ZRO tokens unlocked this time will be allocated to core contributors, strategic partners, etc. The entry of the unlocked tokens into the market may trigger more speculation among investors about LayerZero’s future strategic layout and ecosystem development, and the market trading activity may also increase accordingly.
The APT token of the Aptos public chain will also unlock $58.52 million in June. Aptos has carved out a niche in the public chain market with its high performance, scalability and other features. As the tokens are unlocked, some of the locked tokens held by the project team, team members and investors can enter the circulation market. This not only tests the absorption capacity of the Aptos ecosystem, but may also prompt the market to re-examine the value and potential of Aptos, influencing investors’ buying and selling decisions.
In addition to the above-mentioned major tokens, the tokens of multiple projects will be unlocked in June. For example, the IMX token of Immutable X will unlock 24.52 million on June 13th, accounting for approximately 1.33% of the current circulating supply. StarkNet’s STRK tokens will be unlocked 127 million on June 15th, accounting for 4.09% of the current circulating supply. Arbitrum’s ARB token will unlock 92.65 million on June 16th, accounting for 1.91% of the current circulating supply.
Token unlocking is usually a normal part of a project’s development process, which enables tokens that were locked in the early stage to enter the market for circulation. However, the concentrated unlocking of a large number of tokens often has multiple impacts on the market. On the one hand, the newly added circulating tokens may increase the selling pressure in the market, especially when early investors choose to cash out and exit, which may lead to a decline in the prices of related tokens. On the other hand, if the market is full of confidence in the project’s future, the unlocked tokens may also be absorbed by new investors, becoming a source of funds to further promote the project’s development and invigorate market transactions.
For investors, the token unlocking boom in June is both an opportunity and a challenge. When participating in related cryptocurrency transactions, it is necessary to closely monitor the scale, flow direction and overall market reaction of the unlocked tokens. At the same time, only by conducting in-depth research on the project’s fundamentals, development prospects, and the potential impact of unlocking tokens on the project’s ecosystem can more informed investment decisions be made in the complex and volatile cryptocurrency market. As June progresses, how the cryptocurrency market will respond to this large-scale token unlocking wave and where the prices of many cryptocurrencies will go are worth continuous attention from market participants.
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