The month of June will be rich in cryptocurrencies
By now you’re used to it: a new month also means the arrival of a new cryptocurrency. The month of April was already busy, especially in its last week, but rest is not possible! The celebrations start from the first days!
Major releases planned in the coming weeks include Token Unlocks states that there are three terms that should be closely watched:
- Sui (SUI) will issue 65 million tokens, or $66 million, on June 1;
- Starknet (STRK) to unlock 64 million coins worth $76 million on June 15;
- Arbitrum (ARB) will issue 92.65 million cryptocurrencies, or $106 million, on June 16.
But that is not all! Two other projects are planning major cryptocurrencies, this time extended to a full month. These are Optimism, which will release 31.34 million coins, and Aptos, which will leave $11 million in APT at the discretion of its investors. However, for the latter, most of the unblocking is estimated to take place on June 12.
And you’re not at the end of your troubles yet!
Aptos community members may be less surprised by this new crypto deposit, as the project aims to donate tokens at the beginning of each month.
On the other hand, they may be more surprised by major news that is less talked about in the media and which, although less known, risks shaking the market. Dates to watch include, for example, DYDX with $69 million of tokens delivered on June 1st or even ID releasing 18% of its circulating supply on June 22nd.
To go further: Which tokens should I invest in in 2024? Best cheap crypto
However, the month of June is often bullish for cryptocurrencies, and it looks like it will be again this year, which could moderate the impact of these many events. This is especially so as the season of altcoins seems ready to present itself.
Moral of the story: the higher the popularity of a cryptocurrency, the faster the fall.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, readers are encouraged to check the facts for themselves and seek professional advice before making any decisions based on this content.