Chinese cryptocurrency journalist Wu Blockchain, citing Token Unlocks data, stated that large amounts of unlocking will occur in 13 altcoins in June.
It was stated that the value of the altcoins that will be unlocked in June will be 739 million dollars.
Among the 13 altcoins on the list, the altcoin with the highest locked value was AltLayer (ALT).
Accordingly, approximately $105.2 million worth of ALT is expected to be unlocked in June.
After ALT, it was seen to be a project of 1inch Network (1INCH), a decentralized exchange platform. The value of 1INCH, which is expected to be unlocked, is 98.7 million dollars.
Arbitrum (ARB) is in third place after 1INCH. The value of the ARB, which is expected to be unlocked, is 92.6 million dollars.
According to Token Unlocks' data, the altcoins expected to be unlocked in June, their values and dates are as follows:
“1INCH $98.7 million — June 1 DYDX $33.3 million — June 1 SUI $65 million — June 1 ENA $53.6 million — June 1 APT $11.3 million — June 12 IMX 25.5 million dollars — 14 June STRK 64 million dollars 15 June ARB 92.6 million dollars — 16 June APE 15.6 million dollars — 17 June PIXEL 54.3 million dollars — 19 June ID 78.4 million dollar — 22 June ALT 105.2 million dollars — 25 June YGG 16.6 million dollars — 27 June “
Although unlocking tokens does not mean that there will be a direct sale, such developments can reduce the risk appetite and price of that token. In this context, experts remind that investors should be careful.
According to TokenUnlocks, the large-amount unlocks in June (unlocked amount greater than $10m) include 1INCH DYDX SUI ENA APT IMX STRK ARB APE PIXEL ID ALT YGG, etc., with an unlock value of over 739 million US dollars.https://t.co/tuQYnSlfTZ pic.twitter.com/reHIhab3VX
— Wu Blockchain (@WuBlockchain) May 31, 2024
*This is not investment advice.
