🔓Nearly $875 million worth of cryptocurrency could hit the market in June as token vesting deadlines for more than 30 blockchain projects expire.

According to the Token Unlocks tracker, the largest share of tokens that will be unlocked in June 2024 belong to Aptos (APT), Arbitrum (ARB), Starknet (STRK) and Sui (SUI).

Cryptocurrency vesting is a common practice in the crypto space to prevent early token sales by project team members or early investors.

The Ethereum layer-2 Arbitrum network will unlock 92.65 million ARB tokens worth $105.6 million on June 16. The Aptos project will issue 11.1 million APT tokens worth $102.6 million in June.

The Starknet Project will also unlock millions of tokens in June. On June 1, the Sui blockchain platform will unlock 65 million tokens worth $66 million.