24/7 Cryptocurrency News

Sell Alert: Top Crypto Tokens To Unlock In June

Data depicts that the cumulative worth of major tokens set to be unlocked in June 2023 stands at over $481 million.
Published by
Sell Alert: Top Crypto Tokens To Unlock In June

Crypto News: The global digital asset market is set to witness several major crypto unlocking events throughout June 2023 after trying to end May on a higher note. Projects like Blur (BLUR), 1inch Network (1INCH), Hedera (HBAR), and more are scheduled to add more tokens to their circulating supply.

Also Read: Lawyer Reveals Why US Exchanges May Relist XRP

Advertisement

Will Token Unlocks Trouble Crypto Market?

According to the data, the cumulative worth of major tokens set to be unlocked in June 2023 stands at over $481 million. It is expected that these unlocking events can trigger uncertainty in the market. However, the crypto market cap jumped by 2.29% on Monday to stand around $1.16 trillion.

Blur, a non-fungible token (NFT) marketplace will be unlocking 195.99 million of its native governance token BLUR on June 14, 2023. The 6.533% of its total supply (approx worth $101.8 million) will be added to the circulating supply. BLUR is trading at an average price of $0.51, at the press time.

Source: TokenUnlocks

1inch Network (1INCH) is set to unlock 249.8 million tokens on Jun 2, 2023. The network will be unleashing 16.654% of its total supply (approx worth $99.3 million) to the circulating supply. This unlock event will leave 553.75 million (approx worth $220.21 million) unlocked. Read More Crypto News Here…

BitDAO, the governance and resource management module of the BIT ecosystem will be performing the unlock event scheduled on June 15, 2023. The project will be moving 187.5 million (approx worth $96.1 million) into the circulating supply.

Hedera network has scheduled a token unlocking event on June 1, 2023. The network will be adding 1.27 billion more HBAR tokens (approx worth $67.2 million) to its circulating supply. HBAR price has dropped by around 15% in the last 30 days. It is trading at an average price of $0.052, at the press time.

Recently launched, Sui, a Layer 1 blockchain, is set to unlock 0.611% of its total supply on June 3, 2023. The network will be adding 61.08 million SUI tokens (approx worth $65 million) to the circulating supply.

Advertisement

Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Cyber Hornet Seeks SEC Nod for S&P 500 and XRP ETF

Cyber Hornet has filed with the U.S. Securities and Exchange Commission (SEC) to launch a…

September 27, 2025
  • 24/7 Cryptocurrency News

Cathie Wood’s Ark Invest Eyes Stake in Tether as USDT Issuer Targets $500B Valuation

Tether Holdings is preparing for one of its biggest funding rounds, with two global investors…

September 26, 2025
  • 24/7 Cryptocurrency News

Kraken Secures $500M at $15B Valuation, Eyes IPO in 2026

Kraken raised $500 million, increasing its valuation to $15 billion, setting the stage for a…

September 26, 2025
  • 24/7 Cryptocurrency News

Bybit Lists Ripple’s RLUSD Following BlackRock and VanEck Integration

Crypto exchange Bybit has announced its listing of Ripple's RLUSD amid the stablecoin's growing adoption.…

September 26, 2025
  • 24/7 Cryptocurrency News

SWIFT Plans Stablecoin and On-Chain Messaging Pilot on Linea, Challenging Ripple

The world's largest interbank messaging network SWIFT has selected Ethereum layer 2 platform Linea to…

September 26, 2025
  • Bitcoin News

Breaking: U.S. PCE Inflation Rises To 2.7% YoY, Bitcoin Bounces

The August U.S. PCE inflation data has dropped in line with expectations, although it suggests…

September 26, 2025