Cryptocurrency Market Braces for $230 Million Token Unlocks

This week, the cryptocurrency market is preparing for a significant event as over $230 million in insider token unlocks are scheduled to occur between June 16 and June 22, 2025. This substantial release of tokens, held by founding teams, private investors, and early project participants, is expected to have a notable impact on the circulating supply of several prominent tokens.

Leading the pack in terms of value is FTN, with $89 million in tokens set to be released. This represents 4.66% of FTN’s circulating supply, although it is important to note that 90% of FTN’s total token supply had already been unlocked prior to this event. This suggests that FTN’s emission schedule is relatively mature, which may mitigate the short-term market impact of this unlock.

ZRO and ZK are expected to experience the most significant increases in circulating supply. ZRO is scheduled to release $46.40 million worth of tokens, which represents 20.25% of its current circulating supply. Similarly, ZK will see $37.90 million worth of tokens entering circulation, equating to 20.91% of its supply. These high-percentage unlocks indicate that a large portion of these tokens’ supplies had not been unlocked before this event, which could draw attention from market participants concerned about dilution risks.

Other tokens with notable unlocks include ARB, ID, and MELANIA. ARB will unlock $31.63 million in tokens, accounting for 1.91% of its supply. ID is expected to release $7.94 million in tokens, or 11.23% of its circulating supply. MELANIA is set for a $6.61 million unlock, equivalent to 6.58% of its supply. While these unlocks represent smaller percentages of their respective supplies, the total value remains substantial.

APE and LISTA will also undergo token unlocks, although the market impact may vary. APE will undergo a $5.35 million unlock, which represents 1.00% of its circulating supply. However, with 86.19% of the total supply already in circulation, the market impact of this event may be minimal. Conversely, LISTA will unlock 5.20 million tokens, 14.29% of the supply. The unlocked LISTA tokens were 4.51% before this unlock, so the unlock significantly boosted the circulating volume.

The size and effect of the token unlocks planned this week differ, with FTN, ZRO, and ZK making up most of the dollar value. Low past unlock percentages and high present releases like ZRO, ZK, and LISTA have the potential to experience more acute supply adjustments. Market participants will be closely monitoring these events to gauge their impact on token prices and overall market sentiment.