June preview: $100 million token unlocks from Arbitrum and Aptos, plus APE, OP, and more | Headlines | News | CoinMarketCap
06/03/2024 05:34
June promises to be another significant month for token unlocks in the world of crypto, as significant projects unlock over $650 million worth of …
June promises to be another significant month for token unlocks in the world of crypto, as significant projects unlock over $650 million worth of tokens at current prices.
Much of that sum is made up of dual $100 million unlocks from Ethereum Layer 2 network Arbitrum and buzzy Layer 1 Aptos, though a wide variety of projects and protocols plan to unlock tokens in June. Here are all the significant unlocks coming up this month, according to Token Unlocks data.
Aptos: June 12, $100 million
Aptos, one of two projects largely staffed by former members of Facebook's Libra currency project (the other one being Sui), will unlock another 2.59% of its circulating supply on May 12, 11.31 million tokens at a current value of around $100 million.
ImmutableX: June 14, $55 million
Web3 …