Token Unlocks data shows HOME, WET, ME, BABY and APT scheduled to release sizable supplies, a market event traders often watch for potential selling pressure.
HOME is set for the largest token unlock next week, with about 750 million tokens scheduled for release at 8:00 a.m. Beijing time on June 10, valued at about $40.2 million. Updated Token Unlocks data also shows several other large one-time releases: HumidiFi will unlock 256 million WET worth about $14.66 million on June 9, Magic Eden 172 million ME worth about $10.36 million on June 10, Babylon 136 million BABY worth about $2.27 million on June 10, and Aptos 11.31 million APT worth about $7.58 million on June 12. Token unlocks, in which previously restricted tokens enter circulation, are closely watched in crypto markets because they can increase tradable supply and, in some cases, add near-term selling pressure.