Crypto market braces for $875M token unlocks in June
Nearly $875 million in crypto tokens from projects like Aptos, Arbitrum, Starknet and Sui will be unlocked in June as vesting periods end.
Locked cryptocurrencies worth almost $875 million may hit the markets in June as token vesting periods for more than 30 blockchain-based projects expire.
According to data tracker Token Unlocks, the largest chunk of crypto tokens to be unlocked in June 2024 belongs to Aptos (APT), Arbitrum (ARB), Starknet (STRK) and Sui (SUI).
Crypto vesting is a common practice within the crypto space to prevent a project’s team members or early investors from dumping their tokens early.
Nearly $875 million in crypto tokens from projects like Aptos, Arbitrum, Starknet and Sui will be unlocked in June as vesting periods end.
Locked cryptocurrencies worth almost $875 million may hit the markets in June as token vesting periods for more than 30 blockchain-based projects expire.According to data tracker Token Unlocks, the largest chunk of crypto tokens to be unlocked in June 2024 belongs to Aptos (APT), Arbitrum (ARB), Starknet (STRK) and Sui (SUI). Crypto vesting is a common practice within the crypto space to prevent a project’s team members or early investors from dumping their tokens early. Read more