Analytics
Why June’s Unlock Wave Could Weigh on Prices
In June 2025, over $713M worth of tokens from 76 projects will unlock, releasing significant supply into the market. With large cliffs from NEON, ZKsync, and LayerZero, investors brace for potential sell pressure.
TL;DR
- $713M in token unlocks scheduled across 76 projects this June
- NEON, ZKsync, and LayerZero to release 20–22% of their supply
- Large unlocks often trigger price dips due to investor selling
- June could test demand as new supply floods the market
Table of Contents
$713M in Token Unlocks Set to Test Crypto Market in June 2025
A wave of token unlocks is about to wash over the crypto market, and it’s one of the more bearish undercurrents to be mindful of.
According to vesting schedule data, 76 projects will unlock tokens this month (June 1–30), collectively releasing about $713.7 million worth of tokens into circulation. That’s a lot of potential sell pressure.
Notably, several upcoming unlocks are huge relative to the size of these projects. For example, Neon ($NEON) – a project on Solana – just unlocked ~53 million tokens on June 7 (worth ~$6 million), which is over 20% of its market cap.
Later this month, ZKsync’s $ZK will see 769 million tokens unlocked on June 17 (about $40M in value), roughly 21% of its market cap, and LayerZero’s $ZRO follows on June 20 with a $55M unlock (~22% of cap). Other notable unlocks include Lista DAO ($LISTA) and Kamino ($KMNO) among others, each releasing tokens equal to 10–20% of their capitalization.
When a project unlocks such a large chunk of supply, early investors, team members, or advisors may finally get liquid tokens – and many could be tempted to sell. Past instances show token prices often sag before and after major vesting cliffs, as the market anticipates dilution.
The cumulative $713M hitting the market in June represents new supply that must be absorbed by buyers; if demand doesn’t keep up, prices of those assets could grind down. On the flip side, projects that navigate big unlocks without much price damage can signal strong fundamental demand. Investors should watch these dates closely – they serve as inflection points.
With so much unlocked value looming, June’s latter half might test the crypto market’s resilience: it’s a classic tug-of-war between bullish growth narratives and the gravity of token economics.
Always fresh info on vesting schedules here: https://dropstab.com/vesting