Over $341M in token unlocks from APT, STRK, IMX, and others sparked volatility amid cautious sentiment and macro uncertainty.
Whale accumulation, AI narratives, and meme coin chatter shaped market mood as token unlocks triggered renewed short-term sell pressure.
Despite low percentage unlocks for majors like SOL and AVAX, thin liquidity in alts amplified price swings and investor anxiety.
According to Tokenomist, Between June 9 and June 16, over $341 million worth of tokens flooded the crypto market through cliff and linear unlocks. These releases, including heavyweights like APT, STRK, IMX, and SOL, coincided with macroeconomic uncertainty and cautious investor sentiment. Consequently, short-term sell pressure intensified, particularly on tokens facing more than 1% of supply hitting circulation. Meanwhile, social sentiment remained mixed, influenced by Bitcoin outflows, AI job debates, and fluctuating retail interest in meme coins.
Major Unlocks Stir Volatility Across the Board
APT led cliff unlocks, releasing 11.31 million tokens valued at $53.38 million—equal to 2.35% of its total supply. Similarly, STRK unlocked 127 million tokens worth $16.54 million, representing a hefty 7.29% of its allocated supply. IMX, SEI, and MOVE followed, unlocking over $30 million combined. Each of these represented more than 1% of their respective token supply, amplifying bearish sentiment in already fragile markets.
Besides these, linear unlocks added continuous pressure. SOL released 465,770 tokens worth $70.83 million, though this was just 0.09% of circulation. WLD and TAO also saw sizable unlocks, at $40.95 million and $19.4 million respectively. Other notable daily unlocks included AVAX, SUI, DOT, and ETHFI. Although their percentages were low, thin liquidity in select altcoins heightened volatility risks.
AI, Whales, and Social Buzz Drive Market Psychology
Additionally, Santiment data highlighted rising discussions around AI job displacement, especially between May 29 and June 5. The topic triggered heated debates about automation, financial stability, and decentralized AI solutions like PhalaNetwork. Meanwhile, market watchers tracked accumulation trends from entities like James Wynn and MicroStrategy.
Moreover, Solana and meme coins experienced spikes in social volume. Solana peaked on June 4, driven by price speculation and ecosystem development. LOUD Token briefly gained traction before fading by June 2. Meme coins surged on retail speculation but quickly retraced.
Source: Santiment
Hence, crypto narratives continued rotating, influenced by macro risk, institutional moves, and speculative sentiment. Despite continuous token unlocks, investors looked to long-term ecosystem plays—particularly APT and IP—for sustainable upside.
The post $341M in Token Unlocks Flood Market as Sentiment Turns Cautious appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
