Top 3 Token Unlocks This June
Three major token unlocks are expected in June: ZKsync (ZK), Vana (VANA), and LayerZero (ZRO), with nearly $133 million in assets coming into circulation.
ZKsync (ZK)
- Unlock date: June 17
- Number of tokens to unlock: 770 million ZK (3.67% of the maximum supply)
- Current circulation: 3.675 billion ZK
ZKsync is a layer 2 scaling solution for Ethereum that uses zk-rollups to increase transaction throughput while maintaining the security of the Ethereum base layer.
ZK is a native token that serves for governance, staking, and transaction fees. On June 17, 770 million ZK tokens worth about $41.61 million will be unlocked. Of these, 397.20 million tokens (11%) are for investors, and 372.80 million tokens (10%) are for the team.
This unlock represents nearly 21% of the token's market cap. ZKsync is currently trading at $0.05394, down 11% from its late May price.
Vana (VANA)
- Unlock date: June 16
- Number of tokens to unlock: 5.19 million VANA (4.33% of total supply)
- Current circulation: 30.8 million VANA
Vana is a decentralized data marketplace that empowers users to control and profit from their personal data. The native VANA token enables access to the platform, rewards participants, and governs network decisions.
On June 16, Vana will issue 5.19 million tokens to the market with a total value of $35.25 million. Of these, 4.74 million tokens (8.98%) are intended for community initiatives, and 452.60 thousand tokens (1.65%) are intended for ecosystem expansion.
The token has gained 18% in the last week of May. This unlock could be a test for bullish sentiment.
LayerZero (ZRO)
- Unlock date: June 20
- Number of tokens to unlock: 24.68 million ZRO (2.47% of total supply)
- Current Circulating Supply: 111.15 million ZRO
LayerZero is an omnichain interoperability protocol designed to connect different blockchain networks. The ZRO token plays a key role in governance and may support future messaging or fee features.
On June 20, LayerZero will unlock 24.68 million ZRO tokens. These assets will be worth about $56.72 million. Here is what the distribution will look like:
- 2.88 million tokens for strategic partners;
- 10.20 million tokens for key participants;
- 1.60 million tokens for those bought out by the team.
At the time of writing, ZRO is trading at $2.30, down 10% from the last week of May.
The three described unlocks will result in $133 million in new liquidity entering the market. This could trigger short-term volatility as significant shares of tokens end up in insider and ecosystem wallets.
Источник: cryptocurrency.tech
