The Token unlock event worth over 250 million USD is expected to take place from June 23 to June 30 according to data from Tokenomist.
Blast and Across Protocol lead the major cliff unlock events, while Solana dominates the linear unlock schedule across many cryptocurrency projects in the upcoming week.
BLAST dominates the large Token cliff unlock group
Blast leads the cliff unlock schedule with 10.50 billion BLAST Tokens, worth 21.71 million USD, accounting for 55.32% of the total unlocked supply during the period of June 23-30. This is the largest single Token unlock event by value among the highlighted cliffs this week.
Across Protocol ranks second with 100 million ACX Tokens worth 13.82 million USD, accounting for 80% of the total unlocked supply. The ACX unlock significantly affects the majority of circulating supply compared to other projects in the cliff unlock group.
Venom ranks third with 59.26 million VENOM Tokens worth 10 million USD, accounting for 2.45% of the total unlocked supply. SOON will release 41.88 million Tokens worth 8.26 million USD under the cliff mechanism, affecting 21.43% of the total unlocked supply this week.
Source: Wu Blockchain
AltLayer is included in the list of large cliff unlocks with 240.10 million ALT Tokens, worth 6.38 million USD, accounting for 6.84% of the total cliff unlock value. Cliff unlock events are large single Token releases with a value exceeding 5 million USD, which can create selling pressure on the corresponding Token market.
The total value of cliff unlock events of 5 major projects is around 60 million USD, with Blast and ACX accounting for the majority of total cliff unlocked Tokens this week.
Solana leads the linear unlock category
According to data from Tokenomist, Solana dominates linear unlocks with 465.77K SOL Tokens worth 61.83 million USD, accounting for 0.09% of total circulating supply. The SOL unlock occurs on a daily release schedule, not a large one-time unlock.
Worldcoin ranks second with 37.23 million WLD Tokens worth 30.71 million USD, accounting for 2.69% of circulating supply. Celestia also implements linear unlocks with 50.40K TIA Tokens worth 15.45 million USD, impacting 0.57% of supply during this period.
Dogecoin unlocks 95.89 million DOGE worth 14.69 million USD daily, accounting for 0.06% of circulating supply. Avalanche unlocks 700K AVAX Tokens worth 11.65 million USD linearly, accounting for 0.17% of total circulating supply.
Other linear distribution events include Sui with 3.35 million SUI Tokens worth 8.34 million USD (0.10% of supply), MORPHO with 6.96 million Tokens worth 8.07 million USD, and ETHFI 8.46 million Tokens worth 7.16 million USD.
Polkadot is expected to unlock 2.30 million DOT Tokens worth 7.27 million USD; IP releases 2.32 million Tokens worth 7.17 million USD. Jupiter completes significant linear unlocks with 4.20 million JTO Tokens worth 8.32 million USD through daily releases.
Less popular unlock events face diverse market pressure
Many cryptocurrency projects with lower interest levels are preparing unlocking events during the period from June 23-30 according to CoinMarketCap data. Silencio leads this category with 1 billion SLC Tokens worth 145,584.5 USD, accounting for 0.01% of total locked supply.
Exverse follows with 9.34 million EXVG Tokens worth 38,843.31 USD, accounting for 2.34% of the total locked supply, currently unlocked by 42.83%. LightLink plans to unlock 21.27 million LL Tokens worth 268,633.58 USD, accounting for 2.13% of the total locked supply.
Source: CoinMarketCap
GameSwift maintains its unlocking progress with 32.02% completed, planning to release 21.11 million GSWIFT Tokens worth 133,467.48 USD. PLEXUS stabilizes at a price of 0.01498 USD, unlocking 9.87 million PLX Tokens worth 147,907.57 USD and achieving 60.05% progress compared to total supply. The project's market capitalization reaches 2.97 million USD.
Source: https://tintucbitcoin.com/blast-va-acx-mo-khoa-250-trieu-usd/
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