Unlocking means the release of previously frozen tokens in accordance with the terms of investment rounds or other fundraising programs.
Project teams typically carefully plan tokenomics development to avoid significant selling pressure from token holders at various unlocking stages and prevent token price decline. However, certain factors such as lack of liquidity or the desire of early investors to realize profits immediately after unlocking can have a significant impact on the asset's price.
Seven significant unlockings to pay attention to in June.
Содержание:
- 1inch (1INCH)
- NEAR Protocol (NEAR)
- dYdX (DYDX)
- Internet Computer (ICP)
- Aptos (APT)
- Filecoin (FIL)
- Blur (BLUR)
1inch (1INCH)
- Unlock Date: June 1st
- Number of unlocked tokens: 249.807 million (16.6% of the total supply)
- Value of unlocked tokens: $99 million
- Total market capitalization: $323.91 million
1inch is a liquidity aggregator based on decentralized exchanges. The platform utilizes order routing and limit order placement technologies to offer the most advantageous prices for cryptocurrency exchange. It gathers real-time price information from multiple sources. 1inch supports a wide range of protocols and pools in the decentralized finance (DeFi) space, operating on various blockchains such as Ethereum, BNB Chain, Polygon, Optimism, Arbitrum, and others.
The next unlocking of 1INCH tokens will occur on June 1st, when the lock-up period for nearly 250 million tokens allocated to developers, early investors, and venture funds expires. During the lock-up period, known as the "cliff," digital assets remain frozen in a smart contract, and vesting begins after this period ends.
Vesting can occur in a linear format, where tokens are evenly unlocked over a specified period of time. It can also have a non-linear unlocking process with varying time intervals. The parameters and duration of the vesting are set in the smart contract and cannot be changed.
NEAR Protocol (NEAR)
- Unlock Date: June 4th
- Number of unlocked tokens: 7.75 million (0.78% of the total supply)
- Cost of unlocked tokens: $12.64 million
- Total market capitalization: $1.48 billion
Near Protocol is an open-source, high-performance blockchain designed for creating smart contracts and decentralized applications. It operates within the NEAR ecosystem, which encompasses a variety of protocols and decentralized applications, including data storage services, oracles, custodial services, wallets, liquidity providers, and many other projects.
The next NEAR unlock will take place on June 4th. The majority of the unfrozen tokens, specifically 3.02 million, are intended for developers. Another 2.83 million will be distributed as community grants, while the remaining balance will be used as rewards for operations.
dYdX (DYDX)
Unlock Date June 6th Number of unlocked tokens 6.44 million (0.64% of the total supply) Cost of unlocked tokens $13.03 million Total market capitalization $325.65 million
dYdX is the largest DEX (Decentralized Exchange) for trading derivatives. Currently, it is undergoing a transition process from its second-layer (L2) network, built on Ethereum and developed by StarkWare, to its own blockchain platform based on Cosmos. This transition is being carried out as part of a five-stage plan, with the main priority being gradual testing before the final deployment.
Planned token unlockings can have a positive impact on tokenomics and the long-term distribution of user rights. However, in the short term, they often have a negative effect on prices. Therefore, the entry of 6.44 million DYDX tokens into the market may have a negative impact on the price of this asset.
Internet Computer (ICP)
- Unlock date: June 11th
- Number of unlocked tokens: 3.31 million (0.71% of the total supply)
- Value of unlocked tokens: $16.6 million
- Total market capitalization: $2.13 billion
Internet Computer is a project created by the DFINITY Foundation, aimed at developing a decentralized cloud infrastructure based on blockchain technology. The primary technology behind Internet Computer is Open Internet Service. This code is integrated into the blockchain and allows a service to function autonomously, without relying on centralized networks, based on user support.
On June 11th, the project will unlock over 3 million tokens owned by participants in strategic and seed rounds. As a result, increased price volatility of ICP can be expected on that day.
Aptos (APT)
- Unlock date: June 12th
- Number of unlocked tokens: 4.54 million (0.45% of the total supply)
- Cost of unlocked tokens: $38.35 million
- Total market capitalization: $1.68 billion
Although the first-level blockchain (L1) Aptos is undoubtedly one of the most successful projects this year, it has faced criticism from the crypto community multiple times due to its tokenomics, where venture capital plays a significant role. A large portion of APT supply is still locked—token unlocking will occur every month for the next ten years.
Filecoin (FIL)
Unlock date June 14 Number of unlocked tokens 5.56 million (0.28% of the total supply) Cost of unlocked tokens $25.61 million Total market capitalization $1.97 billion
Filecoin is an infrastructure project that focuses on decentralized data storage with built-in economic incentives for users. The project is backed by Protocol Labs, a company known for its contribution to the creation of the InterPlanetary File System (IPFS) network protocol for distributed file storage and the launch of the popular crowdfunding platform CoinList.
The next unlocked token release of FIL is scheduled for June 14th. On this day, the unlocked tokens will be distributed between the Protocol Labs team and the Filecoin Fund.
Blur (BLUR)
- Unlock date: June 14th
- Number of unlocked tokens: 198.45 million (6.62% of the total supply)
- Value of unlocked tokens: $101.2 million
- Total market capitalization: $245.64 million
In October of last year, the NFT marketplace Blur conducted a series of airdrops, distributing tokens to traders and users who switched to Blur.io from competing platforms. However, participants in the later airdrops received more BLUR tokens than early users. This caused dissatisfaction among members of the crypto community, who accused the project team of hiding details of the tokenomics and market manipulations.
The unlocking of BLUR tokens, scheduled for June 14th, requires particular attention. In the past, a significant token unlocking event led to a sharp price drop of over 80%.
