🔥5 Token Unlocks to Watch This Week: DOn't Become Exit Liquidity for VCs

Token unlocks release previously restricted tokens, often impacting market dynamics. Here are five key token unlocks happening this week.

Aptos $APT

- Unlock Date: June 12

- Tokens Unlocked:** 11.3 million APT

- Current Circulating Supply: 437.9 million APT

Despite its success, the Aptos project faces criticism for its venture capital-influenced tokenomics. The new tokens will go to the foundation, community members, core contributors, and investors.

Immutable $IMX

- Unlock Date: June 14

- Tokens Unlocked: 25.5 million IMX

- Current Circulating Supply: 11.48 billion IMX

Immutable, a Layer-2 solution for scaling NFTs on Ethereum, raised significant funds through token sales and investments, and will use the new tokens to further develop the Immutable ecosystem.

Cyber $CYBER

- Unlock Date: June 14

- Tokens Unlocked: 886,120 CYBER

- Current Circulating Supply: 22.3 million CYBER

This unlock represents nearly 4% of its circulating supply. These tokens will support the purchase of CyberIDs, voting on protocol improvements, and paying transaction fees.

Starknet (STRK)

- Unlock Date: June 15

- Tokens Unlocked: 64 million STRK

- Current Circulating Supply: 1.3 billion STRK

Starknet, developing a ZK-Rollup Layer-2 solution for Ethereum, will release 64 million STRK tokens.

Arbitrum (ARB)

- Unlock Date: June 16

- Tokens Unlocked: 92.6 million ARB

- Current Circulating Supply: 2.9 billion ARB

This unlock, valued at approximately $92.59 million, will be distributed to the team, advisors, and investors.

Other notable unlocks next week include Moonbeam (GLMR), dYdX (DYDX), and Render (RNDR), with a total value exceeding $232.53 million. While token unlocks can be seen as bearish, a strategic release schedule can enhance a project’s long-term success by motivating teams, boosting community engagement, and fostering ecosystem growth.
#BTC #bitcoin #altcoins #TopCoinsJune2024 #Binance200M