• Significant token releases for this month of June include dYdX, SUI, 1INCH, Ethena (ENA), Arbitrum (ARB), Aptos (APT), and Starknet (STRK).
• Arbitrum (ARB) will release 92.65 million tokens worth approximately $105.62 million on June 16, representing 3.2% of its circulating supply.

While the month of May saw some market excitement surrounding the approval of spot Ethereum ETF, this month investors could see some volatility amid major liquidity fluctuations taking place in the market.

With June on the horizon, significant token release events loom, poised to influence the market’s dynamics. As per TokenUnlocks data, June 2024 is expected to witness the circulation of over $800 million worth of tokens in the cryptocurrency market. This substantial influx of liquidity has the potential to reverberate across various digital assets, shaping their trajectories in the coming month.

Token releases play a pivotal role in the crypto market by introducing previously unavailable tokens to the public, often resulting in price fluctuations. The substantial influx of tokens expected next month presents both opportunities and challenges for traders and investors.

Notable tokens set for release include dYdX, SUI, 1INCH, and Ethena (ENA), alongside Arbitrum (ARB), Aptos (APT), and Starknet (STRK), all of which are making headlines due to their significant release volumes.

Arbitrum Token Unlock

On June 16, Arbitrum (ARB), the native token of the Ethereum Layer-2 network, will release 92.65 million tokens valued at approximately $105.62 million. This release also accounts for 3.2 percent of ARB’s circulating supply, per the Crypto News Flash report.

The distribution of the released tokens is as follows:

• Team, Future Team + Consultants: 56.13 million ARB (valued at $63.98 million)
• Investors: 36.52 million ARB (valued at $41.63 million)

This significant release is likely to impact the ARB market, given the volume of tokens entering circulation.

Aptos Token Unlock

Aptos (APT) is set to distribute 11.31 million tokens on June 12, valued at approximately $102.69 million. This release represents 2.59 percent of APT’s circulating supply.

The distribution breakdown is as follows:

• Foundation: 1.33 million APT (valued at $12.11 million)
• Community: 3.21 million APT (valued at $29.15 million)
• Core Contributors: 3.96 million APT (valued at $35.94 million)
• Investors: 2.81 million APT (valued at $25.50 million)

This significant release shall also influence the APT market as a substantial volume of tokens enters circulation.

Macro Indicators to Watch

According to 10x Research, crypto market volumes have decreased to $50 billion, with funding rates remaining only marginally positive, indicating low investor interest. Moreover, two key variables, Fed policy, and inflation data, will be critical factors that could drive Bitcoin to new all-time highs.

On June 5, the Bank of Canada might initiate the global rate-cutting cycle, potentially providing a model for the Federal Reserve. Additionally, the US inflation report due on June 12 would need to show a significant decrease to 3.3% for Bitcoin to rally. Investors are also closely watching these developments that could serve as potential catalysts for the market.