In June, token unlocks worth $3.3 billion are expected, a 32% decrease compared to May. Sui and Metars Genesis lead the large token release waves.
The digital asset market is entering a sensitive phase as June is expected to witness a token unlock wave worth around $3.3 billion. Although 32% lower than May's peak of $4.9 billion, this volume is still large enough to create significant pressure on short-term supply and demand, especially as most come from high-market-cap projects attracting investor attention.
According to data from the Tokenomist platform, over 40% of token value unlocked in June will occur through "cliff unlock" - where most or all tokens will be released immediately at a single point, instead of gradual release like the remaining "linear unlock" mechanism. This implies a potential increase in price volatility during peak token release days.
Notably, the Metars Genesis (MRS) project plans to unlock $193 million in tokens on June 21 - marking one of the month's largest cliff unlocks. These tokens are primarily intended for artificial intelligence collaboration activities. From March until now, Metars Genesis has consistently released 10 million tokens monthly, bringing the total circulating value close to $1 billion.
Another notable case is the Sui project. On June 1, Sui will unlock 44 million tokens, valued around $160 million, with most belonging to Series B investors - a group receiving over $70 million in tokens during this round.
Additionally, a significant portion will be allocated to the Mysten Labs treasury, community fund, and early-stage contributors.
Currently, Sui has issued approximately 33% of its total supply, equivalent to over $12 billion, while the remaining portion - nearly $20 billion at current prices - still lacks a clear unlock schedule.
Simultaneously, many other large blockchain projects will simultaneously release tokens. Some are for founding teams, others allocated to communities, investors, or strategic partners. This creates potential selling pressure spreading across multiple segments, from Non-Fungible Tokens to DeFi and blockchain infrastructure.
While the scale of each unlock may vary, the common point is the potential to disrupt market psychology in the short term - especially when overall market liquidation remains relatively fragile. Investors are therefore advised to closely follow vesting milestones and token allocation mechanisms of each project to proactively adjust positions and control risks.
