Crypto Market Faces $341 Million Token Unlocks This Week

This week, the crypto market is set to experience a significant influx of tokens, with over $341 million worth of crypto scheduled to unlock across various major projects. This event is anticipated to bring about considerable volatility, as several well-known tokens will see substantial increases in their supply. The upcoming unlocks include both large one-time releases and daily linear unlocks, which could impact the market dynamics in different ways.

Among the major one-time token unlocks, Aptos (APT) leads the way with 11.31 million tokens valued at $52.7 million set to unlock on June 12. This represents nearly 2% of APT’s circulating supply and is expected to surge liquidity significantly. Following closely, Starknet (STRK) will release 127 million tokens worth $16.6 million on June 15, accounting for 3.79% of STRK’s current supply. Immutable (IMX) will unlock 24.52 million tokens on June 13, valued at approximately $12.8 million, impacting only 1.33% of its supply. Movement (MOVE) will release 50 million tokens today, valued at $7.1 million, representing nearly 2% of its supply. Other notable unlocks include BounceBit, Delysium, Onyxcoin, Cookie DAO, and io.net, each with unlocks ranging from $2.5 million to $4.6 million.

In addition to these one-time unlocks, several projects will undergo daily linear unlocks, which apply continuous selling pressure throughout the week. Solana (SOL) will release 465,770 tokens daily, totaling $70.83 million by the end of the week. Despite the large sum, this unlock affects only 0.09% of SOL’s supply, potentially limiting its market impact. Worldcoin (WLD) will unlock 37.23 million tokens worth $40.95 million, accounting for nearly 3% of its supply. Other projects like TAO, Dogecoin, TIA, AVAX, SUI, MORPHO, ETHFI, and DOT will also contribute to the market with unlocks ranging from $9 million to $19 million. These steady releases could erode buying power if demand does not match the increased supply.

Projects such as NEAR, JTO, and IP will add $7 million to $9 million in weekly token unlocks. Although smaller in scale, these unlocks can have outsized effects in thinly traded pairs. Gaming and DeFi projects are also facing notable unlocks, with Web3Games.com planning to release $5.06 million worth of WGT tokens and Ta-da adding $91,516 worth of TADA tokens. These smaller events can create turbulence in microcap ecosystems, further contributing to the overall market volatility.

Traders and investors should closely monitor these token movements, as the continuous selling pressure from these unlocks could impact prices significantly. The influx of tokens into the market may lead to increased liquidity but could also result in price swings if demand does not keep pace with the supply. It is crucial for market participants to stay informed and prepared for potential volatility in the coming days.