$3.3B in crypto tokens set to unlock in June

Digital assets worth $3.3 billion are set to enter circulation in June as vesting periods for several major projects expire.According to crypto vesting tracker Tokenomist, $3.3 billion in tokens will be released in June, a 32% drop in unlocked tokens month-on-month. In May, tokens released into the market totaled $4.9 billion.  Crypto projects allocate tokens for various purposes. For example, a company may promise tokens to team members to reward them for their contributions or sell them to early investors. However, projects usually lock the tokens for a specific period to prevent early holders from dumping before the project matures. The data shows that $1.4 billion in tokens will be released through a “cliff unlock,” while $1.9 billion will be emitted through a “linear unlock.” Cliff unlocks release a large portion or all of the vested tokens at once, while linear unlocks emit crypto assets gradually over time. Largest crypto token unlocks in JuneAmong the largest token unlocks in June is Metars Genesis (MRS), a nonfungible token (NFT) project that will release $193 million worth of tokens on June 21 to fund an artificial intelligence partnership. Since March, MRS has released 10 million tokens per month, with nearly $1 billion in tokens unlocked so far.Sui (SUI) is also scheduled to unlock 44 million tokens worth about $160 million on June 1. The tokens will go to the Mysten Labs treasury, early contributors, and the community reserve. The largest portion, valued at more than $70 million, is allocated to Series B investors.To date, Sui has unlocked 3.3 billion tokens valued at over $12 billion, roughly 33% of its total supply. Tokenomist data shows another 5.22 billion tokens worth nearly $20 billion remain without a scheduled release date.Tokenomist data showing Sui's vesting schedule. Source: TokenomistRelated: Trump’s use of presidential seal at memecoin event raises legal questionsProjects scheduled to unlock tokens in JuneOther tokens, including Fasttoken (FTN), Aptos (APT), LayerZero (ZRO), ZKsync (ZK) and Arbitrum (ARB) also have vesting periods set to expire in June. Fasttoken will release 20 million tokens worth $88 million allocated to its founders, while LayerZero is scheduled to unlock 25 million tokens worth $71 million to its core contributors and strategic partners. Aptos is expected to release 11.31 million tokens worth $61 million to its core contributors, foundation, community and investors. Meanwhile, ZKsync will release over 760 million tokens worth $49 million to its investors and team members. Magazine: Crypto scam hub expose stunt goes viral, Kakao detects 70K scam apps: Asia ExpressWeiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei CointelegraphWeiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei CointelegraphWeiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei Cointelegraph