Token unlock events totaling over $443 million are scheduled for the week from June 16 to June 23 as per Tokenomist data.
Fasttoken and ZKsync lead the large cliff unlock category, while Solana dominates linear unlock schedules across multiple cryptocurrency projects.
FTN and ZK lead large cliff unlocks
Fasttoken leads the weekly cliff unlock schedule with 20.00 million FTN tokens valued at $88.80 million, accounting for 2.22% of the unlock supply. This represents the largest single token unlock event during the June 16 to June 23 period.
ZKsync is the second-largest cliff unlock with 768.52 million ZK tokens worth $38.24 million and accounting for 20.91% of the unlock supply. The ZK unlock affects a large percentage of circulating token supply compared to other projects.
Arbitrum comes in at number three with 92.65 million ARB tokens valued at $30.79 million, accounting for 2.19% of the unlock supply. Other cliff unlocks include S token with 47.63 million tokens valued at $15.96 million, affecting 1.63% of the unlock supply.
ID token is followed by 72.65 million tokens valued at $12.03 million, accounting for 6.89% of the supply to be released. ApeCoin aims to release 15.60 million APE tokens valued at $10.52 million, accounting for 1.81% of the supply.
Smaller cliff unlocks are MELANIA with 26.25 million tokens valued at $7.00 million, LISTA unlocking 33.44 million tokens valued at $6.98 million, and ZKJ unlocking 15.53 million tokens valued at $5.46 million. All of these cliff unlocks feature massive one-time token unlocks valued at over $5 million.
Solana leads linear unlocks
Solana leads the linear unlock class with 465.77K SOL tokens worth $72.57 million, representing 0.09% of the circulating supply. The SOL unlock has a pattern of a series of daily releases instead of a one-time large unlock.
Worldcoin is in second place with 37.23 million WLD tokens worth $36.78 million and 2.69% circulating supply. Celestia has 50.40K TIA tokens worth $18.81 million linearly, affecting 0.57% supply.
Dogecoin has 95.89 million DOGE tokens valued at $16.93 million worth of linear unlocks, which represent 0.06% of circulating supply. Bittensor linear unlocks hold 6.96 million TAO tokens valued at $12.32 million, representing 1.03% of supply.
Avalanche distributes 700.00K AVAX valued at $13.56 million in linear release, which is 0.17% of circulating supply. Sui distributes 3.35 million SUI worth $10.28 million, which is 0.10% of supply.
There are also other linear releases including MORPHO with 6.96 million tokens worth $9.95 million, ETHFI releasing 8.46 million tokens worth $9.14 million, and DOT releasing 2.30 million tokens worth $8.86 million. Jupiter releases 4.20 million JTO tokens worth $9.84 million, and IP releases 2.32 million tokens worth $8.42 million through daily linear release mechanisms.
Other less popular unlocks
Several cryptocurrency projects face substantial unlock pressures despite lower market visibility. Parcl tops this category with 14.2 million PRCL tokens that are set to be unlocked, worth $1.1 million and making up 1.42% of the whole locked supply, according to CoinMarketCap statistics.
With 22.98 million MSTAR tokens valued at $109,026.79, or 2.30% of all locked tokens, Star AI comes next. The MSTAR token has declined 17.35% in the past 24 hours and currently has a market cap of $2,862,344.
SuperRare boasts good unlock momentum with 91.72% progress. The coin has 13.34 million RARE tokens worth $714,356.27 due to unlock, representing 1.33% of locked total supply. Cronos has minimal unlock activity, with only 2.33% progress. A total of 1.17 billion CRO tokens, worth $108.11 million, are still due for release.
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