$3.3B in crypto tokens set to unlock in June
Crypto vesting tracker Tokenomist reports that $3.3 billion in tokens will be unlocked in June, a 32% drop from May’s $4.9 billion.
Digital assets worth $3.3 billion are set to enter circulation in June as vesting periods for several major projects expire.
According to crypto vesting tracker Tokenomist, $3.3 billion in tokens will be released in June, a 32% decline in unlocked tokens month-on-month. In May, such tokens totaled $4.9 billion.
Crypto projects allocate tokens for various purposes. For example, a company may promise tokens to team members to reward them for their contributions or sell them to early investors. However, projects usually lock the tokens for a specific period to prevent early holders from dumping before the project matures.
