$3.3B in crypto tokens set to unlock in June

Digital assets worth $3.3 billion are set to enter circulation in June as vesting periods for several major projects expire.

According to crypto vesting tracker Tokenomist, $3.3 billion in tokens will be released in June, a 32% decline in unlocked tokens month-on-month. In May, such tokens totaled $4.9 billion.  

Crypto projects allocate tokens for various purposes. For example, a company may promise tokens to team members to reward them for their contributions or sell them to early investors. However, projects usually lock the tokens for a specific period to prevent early holders from dumping before the project matures. 

The data shows that $1.4 billion in tokens will be released through a “cliff unlock,” while $1.9 billion will be emitted through a “linear unlock.” Cliff unlocks release a large portion or all of the vested tokens simultaneously, while linear unlocks emit crypto assets gradually. 

Among the largest token unlocks in June is Metars Genesis (MRS), a non-fungible token (NFT) project that will release $193 million worth of tokens on June 21 to fund an artificial intelligence partnership. Since March, MRS has released 10 million tokens per month, with nearly $1 billion in tokens unlocked so far.

Sui (SUI) is scheduled to unlock 44 million tokens worth about $160 million on June 1. The tokens will go to the Mysten Labs treasury, early contributors and the community reserve. The largest portion, valued at more than $70 million, is allocated to Series B investors.

To date, Sui has unlocked 3.3 billion tokens valued at over $12 billion, roughly 33% of its total supply. Tokenomist data shows another 5.22 billion tokens worth nearly $20 billion remain without a scheduled release date.

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Other tokens, including Fasttoken (FTN), Aptos (APT), LayerZero (ZRO), ZKsync (ZK) and Arbitrum (ARB) also have vesting periods set to expire in June. 

Fasttoken will release 20 million tokens worth $88 million allocated to its founders, while LayerZero is scheduled to unlock 25 million tokens worth $71 million to its core contributors and strategic partners. 

Aptos is expected to release 11.31 million tokens worth $61 million to its core contributors, foundation, community and investors. ZKsync will release over 760 million tokens worth $49 million to its investors and team members. 

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