3 Major Token Unlocks Coming in June’s Final Week
The post 3 Major Token Unlocks Coming in June’s Final Week appeared on BitcoinEthereumNews.com.
The final week of June will bring a wave of new tokens to the market. Overall, assets worth $84.64 million will be unlocked. Three major projects, Blast (BLAST), Venom (VENOM), and Across Protocol (ACX), will release a large portion of previously locked tokens into circulation. Token unlocks are known to fuel market volatility. Thus, the influx of new supply could lead to significant price fluctuations. 1. Blast (BLAST) Unlock Date: June 26Number of Tokens to be Unlocked: 10.5 billion BLAST (10.5% of Total Supply)Current Circulating Supply: 30 billion BLASTTotal supply: 100 billion BLAST Blast is an Ethereum-based Layer 2 (L2) solution offering automatic ETH and stablecoin yield generation. It integrates Ethereum staking and T-Bill yield for stablecoins and shares gas revenue with decentralized application (dApp) developers, enhancing yield opportunities. On June 26, the network will unlock 10.5 billion tokens, valued at $22.6 million. This massive release represents 34.94% of BLAST’s current circulating supply. BLAST Token Unlock in June. Source: Tokenomist The unlocked tokens will be distributed among core contributors and investors. Core contributors will receive 6.37 billion BLAST tokens, representing 21.2% of the market capitalization. Moreover, 4.13 billion tokens will go to investors, equivalent to 13.7% of the current market cap. As the unlock nears, BLAST’s market performance has been underwhelming. Over the past week, its value has declined by 15.3%. 2. Venom (VENOM) Unlock Date: June 25Number of Tokens to be Unlocked: 59.26 million VENOM (0.74% of Total Supply)Current Circulating Supply: 2 billion VENOMTotal supply: 8 billion VENOM Venom is a blockchain built on the Threaded Virtual Machine (TVM). It aims to enable the development of Web3 applications and next-gen digital infrastructure. Furthermore, the blockchain utilizes dynamic sharding and Mesh network technology for enhanced efficiency and scalability. On June 25, the project will release 59.26 million VENOM tokens worth…
Filed under: News - @ June 23, 2025 9:28 pm