June is about to begin. Let’s review what happened in the crypto world in the past two days.
• Ultiverse $ULTI mining will be launched on OKX Jumpstart on June 3rd.
• $AR - Arweave will launch its scalable network’s $AO token on June 13th. $AO tokens will be minted by bridging to AO, holding $AR, or building.
• $ARPA – ARPA Network has received $6 million in strategic investment led by Laser Digital and DeFiance Capital.
• $BOSON - Boson Protocol announced that it will launch a new stake pool on June 1st.
• $DUSK - Dusk Foundation announces partnership with BwreCapital. BWRE will offer €3.5 million worth of bonds starting June 3rd.
• $IOTX - IoTeX co-founder Raullen hinted that V2 is 90% complete, indicating an imminent release.
• $SD - Stader releases multi-phase token economics reboot roadmap. Phase 1, the super burn, will begin on June 25th.
• $ZENT – Zentry announced strategic funding support from Spartan, LongHash, Synergis, and DWF Labs to advance the development of the Metagame Layer.
• $ZK – Polyhedra Network announced the token name change from ZK to ZKJ.
• Terraform Labs and Do Kwon have tentatively agreed to settle SEC fraud case. $LUNA, $LUNC, $USTC
• Donald Trump is found guilty of all 34 counts. Trump's donation website crashes due to a surge in traffic. $TRUMP $BODEN
Let’s first take a look at the large-scale unlocking of popular tokens in June, and pay attention to short-term risks!
$DYDX - $67 million unlocked on June 1
$ENS - $38M unlocked on June 8th
$GMT - $24 million unlocked on June 9
$APT - $105M unlocked on June 12
$IMX - $57 million unlocked on June 14
$STRK - $78M unlocked on June 15th
$SEI - $65 million unlocked on June 15
$LMWR - $22 million unlocked on June 16
$ARB - $106M unlocked on June 16
$UNI - $91M unlocked on June 16
$APE - $20 million unlocked on June 17
$MANTA - $25M unlocked on June 18
$ZK - $20 million unlocked on June 19
$PIXEL - $22M unlocked on June 19th
$MERL - $42M unlocked on June 19
$ALT - $34 million unlocked on June 25
$AXL - $28M unlocked on June 27
$PORTAL - $26M unlocked on June 29th
In addition to unlocking narratives, you also need to pay attention to the cryptocurrencies' June hot project activity calendar:
June 3: $CEEK - CEEK 3.0
June 3: $DUSK - €3.5 million bond issuance
June 4: $MINA - Berkeley Upgrade
June 4: $MPL - SyrupFi Launch Webinar
June 5: $ATOM - V17 Upgrade
June 5: Coinbase Smart Wallet released
June 6: $FRONT - Selfchain Mainnet
June 10: $RNDR - Apple WWDC 2024
June 10: $ZKJ - Polyhedra Staking
June 11: $FET - ASI Merger
June 12: United States - CPI
June 13: $STX - Stacks Showcase
June 13: Bithumb - Delisting decision $ALEX
June 13: $AR - AO Token Release
June 14: $CHZ - EUR Launch in 2024
June 14: $CYBER - Mainnet Staking
June 18: Bithumb - Delisting decision $GALA
June 18: $XLM - Mainnet Upgrade Vote
June 19: $FLOW - Testnet Network Upgrade
June 20: $BNB - Tycho Hard Fork
June 24: $MTL - Snapshot
June 25: $BTT - BTFS storage rewards halved
June 25: $SD - Super Burn
June 26: $THETA - Edge Node Client Released
June 26: $FLUX - Fluxedge Alpha Public
June 27: First Trump/Biden debate
June 28: $VET - VeBetterDAO Mainnet
Important Announcement
The upcoming Ethereum spot ETF is launched
$FTM - $S Rebranding
$UNI - Fee Conversion Approval
$GAL - $G Rebranding
$APE - Apechain Mainnet
$GHST - Gotchichain Mainnet
$RDNT - Radiant V3
$ACE - Fusionist Game Release
$AIOZ - AIOZ W3AI
Many large-scale L2 projects based on Ethereum are preparing to launch in the near future:
- Eigenlayer
- Blast
- Line
- ZkSync
- Scroll
This gives the new project an estimated market value of $70 billion.
According to a report by Token Unlocks, approximately $44 billion worth of tokens are expected to be unlocked in 2024, with a total of $155 billion to be unlocked in the coming years.
Based on this calculation, it seems likely that a large number of tokens will enter the market this year, and without sufficient inflows, selling pressure from many individual investors could increase.
Be prepared for more volatility, surges in supply, opportunities for strategic trading, shifts in sentiment, and the long-term impact of new tokens flooding the market.
Adjust your approach, keep an eye on price fluctuations, and identify the best selling points to take advantage of potential gains.
Remember, if you view your position as a long-term investment, a market drop should be viewed as a gift. It provides an opportunity to buy more tokens.
Finally, it is crucial to have a strategy before making any purchases, and never invest all of your money.
I hope this topic is helpful to you. 🙏Thank you for your likes and support👍
