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We are now at the end of May and entering the middle of the year. Investors miss the days of the first quarter. However, continuous rises in cryptocurrencies, just like continuous falls, are abnormal. Therefore, there are periods of consolidation. So why should investors be cautious about ARB and APT Coin? Why is June important?
Arbitrum (ARB) News
We have experienced firsthand the effects of large and continuous token unlocks on prices. The AVAX price is not showing the expected performance this year due to double-digit inflation. Many cryptocurrencies got stuck in the charts amidst massive token unlocks. We even discussed reports on the post-listing performance of altcoins supported by major investment firms.
Among the altcoins that will have significant unlocks in June is Arbitrum (ARB). One of the largest Ethereum layer2 solutions, Arbitrum’s native cryptocurrency will release approximately 92.65 million ARB Coins worth about 105.62 million dollars on June 16.
This amount, which corresponds to 3.2% of the circulating supply, will see 64 million dollars worth distributed to the Team, Future Team, and Advisors. Investors will receive 36.52 million ARB Coins, with a market value of roughly 41 million dollars.
Aptos (APT) News
The so-called Ethereum killer, APT Coin, has not shown a very impressive performance so far. The increasing competitive environment has made things difficult for the 2024-2025 bull market. Almost every month, we see the mainnet launch of several popular projects. This weakens the cash flow to alternatives like Aptos due to emerging competitors.
In this environment, increasing circulating supply sometimes leads to discouraging results. In June, we will see a significant unlock for APT Coin as well. On June 12, Aptos (APT) will release 11.31 million tokens, which is 2.59% of the circulating supply.
The foundation behind the project will receive 12 million dollars worth, and the Community will get 29 million dollars worth. Early contributors and project investors will receive 36 and 25 million dollars worth of tokens, respectively.
