Unlocking the Treasure: $875M Tokens Await Release in June 2024 Crypto Market
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June 2024 marks a pivotal moment in crypto as $875 million worth of tokens from 30+ projects unlock.
Projects like Aptos, Arbitrum, Starknet, and Sui are poised for significant token releases this June.
Investors brace for potential market impacts as tokens flood the market, impacting short-term trading
June is poised to be an eventful month within the cryptocurrency circle, with the unlocking of nearly $875 million worth of tokens from over 30 blockchain projects.
Opening of this token follows to the standards of crypto vesting directions, pointed at anticipating sudden sell-offs by venture group individuals or early investors, which might possibly trigger critical advertise downturns.
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Among the important projects scheduled for token opening in June are Aptos (APT), Arbitrum (ARB), Starknet (STRK), and Sui (SUI). Notably, Arbitrum, the layer-2 network for Ethereum, is planned to discharge 92.65 million ARB tokens esteemed at $105.6 million on June 16, 2024.
The lion’s share of the recently opened tokens, totaling over $64 million, will be allocated to venture teams, while the remaining $41.6 million will be distributed to investors.
Aptos will unlock 11.1 million APT tokens worth $102.6 million in June, with distribution planned for foundations, communities, core contributors, and investors.
Meanwhile, Starknet will release 64 million STRK tokens worth $78 million on June 15, primarily to early contributors and investors. Optimism will also unlock 31.34 million OP tokens, worth approximately $78 million, following a similar release in May.
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Not to be left behind, Sui will open 65 million tokens worth $66 million on June 1 to Series A and Series B investors, early contributors, and community reserves.
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