When the vesting periods for projects like Aptos, Arbitrum, Starknet, and Sui conclude in June, about $875 million worth of cryptocurrency tokens will become available. In June, token vesting periods for over 30 blockchain-based projects expire, potentially releasing locked cryptocurrency valued at almost $875 million onto the market.
Token Unlocks, a data tracker, indicates that Aptos, Arbitrum (ARB), Starknet (STRK), and Sui (SUI) will have the biggest portion of their cryptocurrency tokens unlocked in June 24. To stop early investors or project team members from selling their tokens, the cryptocurrency industry uses a technique known as “crypto vesting.”
Vesting locks cryptocurrency tokens using various processes to stop holders from selling them all at once and exerting significant pressure on the markets, which typically results in a drop in token prices. Ethereum layer-2 network On June 16, Arbitrum will release 92.65 million ARB tokens, valued at $105.6 million.
The crew and advisors of the project will receive close to $64 million in tokens, and investors will receive $41.6 million in ARB. 1.1 billion ARB tokens, valued at $2.32 billion at the time, were distributed by Arbitrum on March 16. The token’s price has now fallen by more than 50%, from a peak of $2.27 on March 8 to $1.13 as of this writing.
Blockchain project at Layer-1 In June, Aptos plans to release 11.1 million APT tokens, valued at $102.6 million. Tokens valued at $12.1 million will be made available for the network’s foundation, $29.1 million for the community, $35.9 million for regular donors, and $25.5 million for investors on June 12. Millions of tokens will also be unlocked via the zero-knowledge proofs project Starknet after the two largest June unlocks.
The ZK protocol is set to deliver 64 million STRK tokens, valued at $78 million, to its investors and early contributors on June 15. As of this writing, optimistic rollups project Optimism will unlock an additional 31.34 million OP tokens, or almost $78 million. The initiative released a comparable number of tokens for its investors and core contributors on May 31 and will carry out the same in June.
The layer-1 blockchain platform Sui is set to unleash $66 million worth of tokens on June 1. According to Token Unlocks, the tokens will be made available to its Series A and Series B investors, early backers, Mysten Labs treasury, and community reserve. In May of last year, the initiative released cryptocurrency tokens worth roughly $1 billion.