In June, vesting periods for over 30 blockchain projects are set to expire, potentially unleashing nearly $875 million of locked cryptocurrencies onto the markets. This practice, known as crypto vesting, aims to prevent project team members or early investors from suddenly dumping their tokens, which can cause significant downward pressure on token prices.
Several prominent projects like Aptos (APT), Arbitrum (ARB), Starknet (STRK), and Sui (SUI) are set to unlock their tokens in June. Notably, the Ethereum layer-2 network Arbitrum is going to release 92.65 million ARB tokens worth $105.6 million on June 16.
A substantial portion of these tokens, worth nearly $64 million, will be allocated to the project’s team and advisers, while the remaining $41.6 million will be released to investors.
Similarly, Aptos will unlock 11.1 million APT tokens worth $102.6 million in June, with distributions planned for its foundation, community, core contributors, and investors. Starknet will release 64 million STRK tokens worth $78 million on June 15, mainly for early contributors and investors.
In addition, Optimism will unlock 31.34 million OP tokens, valued at approximately $78 million, following a similar release in May. Sui is also set to unlock 65 million tokens worth $66 million on June 1 for its Series A and Series B investors, early contributors, and community reserve.
These unlocks come after a period of significant token releases, indicating potential market impacts as these tokens become available for trading.
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