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Arbitrum (ARB) And Aptos (APT) Spearhead Top 7 Crypto Token Unlocks In June

Rene Peters Rene Peters
June 4, 2024
Traders, Be Careful! Large Token Unlocks Coming for SOL, DOGE, SUI, and Other Cryptos

There are several crypto projects set to release millions of dollars worth of tokens into circulation. As per yesterday’s tweet by Coin Post, the top 10 upcoming token unlocks this month are expected to have a an impact on the market dynamics and price action of the respective cryptocurrencies.

Top 10 Token Unlocks in June

  1. Arbitrum (ARB) – $105.21M
  2. Aptos (APT) – $103.03M
  3. Uniswap (UNI) – $87.93M
  4. StarkNet (STRK) – $75.67M
  5. dYdX (DYDX) – $66.30M
  6. Sei Network (SEI) – $63.81M
  7. Space ID (ID) – $55.82M
  8. Immutable (IMX) – $54.96M
  9. Merlin (MERL) – $42.21M
  10. Ethereum Name Service (ENS) – $36.65M

The unlocks span a diverse range of projects, from Layer 2 scaling solutions like Arbitrum and StarkNet to exchanges such as Uniswap and dYdX. Other notable projects include Aptos, a scalable Layer 1 blockchain, and Immutable, a platform for creating and trading NFTs.

Token unlocks can have both positive and negative effects on the market. On one hand, the release of tokens can increase liquidity and trading volume, potentially leading to increased price volatility. This can be particularly true for projects with strong fundamentals and growing adoption, as the increased supply may be met with robust demand.

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On the other hand, token unlocks can also create selling pressure, as early investors and project team members may choose to liquidate their newly unlocked tokens. This increased supply can lead to a temporary price decrease, especially if the market sentiment is not strong enough to absorb the additional tokens.

Also read: Top 10 Low Cap Cryptocurrencies with 1000x Potential For 2024

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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