This week marks a significant period for the cryptocurrency market as more than $300 million worth of tokens are scheduled to unlock across 15 major blockchain projects. According to data from Token Unlocks, key digital assets including CONX, CHEEL, APT, and STRK will see large-scale token releases between June 9 and June 15, 2025. These unlocks could influence market dynamics, investor sentiment, and short-term price volatility.
Token unlocks refer to the release of previously locked tokens—often allocated to team members, early investors, or ecosystem development funds—that become eligible for circulation after a predetermined vesting period. While not inherently bearish, large unlocks can increase selling pressure if recipients decide to offload their holdings.
Below is a detailed breakdown of the upcoming unlocks, their potential implications, and what investors should watch for.
Key Upcoming Token Unlocks (June 9–15, 2025)
CONX – $133.2M Unlock on June 15
One of the largest unlocks this week belongs to CONX, with over 3.62 million tokens set to be released, valued at approximately $133.2 million. This event will significantly impact the token’s circulating supply and may attract heightened trading activity ahead of the unlock date.
👉 Discover how large token releases affect market liquidity and price trends.
CHEEL – $106.56M Release on June 13
CHEEL follows closely with an unlock of 20.81 million tokens, worth around $106.56 million. Given its substantial value, traders and analysts will be monitoring wallet movements and exchange inflows in the days leading up to the event.
APT – $53.83M Unlock, 1.79% of Circulating Supply
The Aptos (APT) network will release 11.31 million tokens, valued at $53.83 million, representing 1.79% of its current circulating supply. As a high-performance Layer 1 blockchain, APT has maintained strong developer interest, but any sudden supply increase could test its price resilience.
STRK – $16.9M Unlock on June 15
Starknet (STRK) will unlock 127 million tokens, worth about $16.9 million, accounting for 3.79% of its circulating supply. Starknet continues to expand its zk-rollup ecosystem, and this unlock may support ongoing grants and developer incentives rather than immediate sell-offs.
IMX – $13M Unlock on June 13
Immutable X (IMX) sees 24.52 million tokens unlocked, valued at $13 million (1.33% of circulating supply). As a leading NFT and gaming-focused Layer 2 solution, IMX’s unlock could fuel ecosystem growth or contribute to market volatility depending on fund usage.
Smaller but Notable Releases
While the top four dominate by value, several other projects are also undergoing meaningful unlocks:
- SEI: 55.56 million tokens ($10.49M), 1.04% of supply
- MOVE: 50 million tokens ($7.27M), 1.96% of supply
- BB: 42.89 million tokens ($4.74M), 10.47% of supply — one of the highest percentage unlocks
- XCN: 296.38 million tokens ($4.27M), 0.87% of supply
- AGI: 69.03 million tokens ($3.81M), 4.00% of supply
- COOKIE: 13.88 million tokens ($3.08M), 2.54% of supply
- IOTA: 15.16 million tokens ($2.78M), 0.40% of supply
- IO: 3.22 million tokens ($2.48M), 1.98% of supply
- RENDER: 492,130 tokens ($1.9M), 0.10% of supply
- EIGEN: 1.29 million tokens ($1.82M), 0.42% of supply)
Although smaller in dollar terms, these releases—especially those with high percentages of circulating supply—can still influence market behavior.
Why Token Unlocks Matter
Token unlocks play a crucial role in crypto project transparency and long-term sustainability. They are typically part of a project’s initial tokenomics design, ensuring gradual distribution to avoid immediate market flooding.
However, they can also trigger short-term price drops if recipients sell into the market. Investors often look for signals such as:
- Whether unlocked tokens go to core teams or investors (higher sell risk)
- Project announcements regarding fund usage
- On-chain movement toward exchanges
- Historical price reactions to past unlocks
Understanding these patterns helps traders anticipate potential volatility windows.
👉 Learn how to track token unlocks and on-chain movements in real time.
Core Keywords Identified
The primary keywords naturally integrated throughout this article include:
- token unlocks
- cryptocurrency market
- CONX
- CHEEL
- APT
- STRK
- circulating supply
- vesting period
These terms align with common search queries related to blockchain economics, investment risk assessment, and market-moving events.
Frequently Asked Questions (FAQ)
What is a token unlock?
A token unlock occurs when previously restricted tokens—allocated to team members, advisors, investors, or ecosystem funds—become available for transfer or sale after a set vesting schedule expires.
Do token unlocks always cause price drops?
Not necessarily. While large unlocks can increase selling pressure, the impact depends on recipient intentions. If funds are reinvested into development or staking, the effect may be neutral or even positive.
How can I track upcoming token unlocks?
Several analytics platforms provide token unlock calendars, showing dates, amounts, values, and percentages of circulating supply. Monitoring these tools helps investors prepare for potential volatility.
Which projects have the highest unlock percentages this week?
BB leads with 10.47% of its circulating supply unlocking, followed by AGI at 4.00% and STRK at 3.79%—all potentially impactful due to their relative scale.
Are all unlocked tokens immediately sold?
No. Many recipients hold or stake tokens for long-term gains or governance participation. Exchange inflows are a better indicator of potential sell pressure than unlock events alone.
Can token unlocks be bullish?
Yes, under certain conditions. If unlocks fund ecosystem growth, partnerships, or community rewards, they can signal confidence and drive adoption—positively influencing price over time.
Final Thoughts
With over $300 million in combined value unlocking across 15 major cryptocurrencies this week, market participants should remain vigilant. Projects like CONX, CHEEL, and APT face particularly close scrutiny due to the size of their releases.
Investors are advised to combine unlock data with on-chain analytics and project fundamentals before making trading decisions. Staying informed not only reduces risk but also opens opportunities during periods of temporary mispricing.
👉 Stay ahead of market-moving events with real-time crypto data and insights.
By understanding the mechanics behind token unlocks and monitoring key indicators, both retail and institutional players can navigate this dynamic landscape with greater confidence and strategic clarity.