The last week of June promises to be eventful for the token market. Several major projects will release new coins into circulation, and the total volume of upcoming unlocks exceeds $735 million.
Among the largest unlocks are Humanity, MegaETH and Sahara AI. Each project is preparing to bring a large volume of tokens to the market, which traditionally increases the risk of sharp price movements.
1. Humanity
On June 25, the Humanity project will have a token unlock. 266.47 million H tokens worth about $54.77 million will enter circulation.
This is happening at a challenging time for the project. Recently, Humanity experienced a hack that cost the ecosystem more than $30 million. After the incident, the token price dropped sharply, then partially recovered, but pressure on the price remains.
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The new batch of coins will be distributed among several directions. Part of the funds will go to ecosystem development and identity verification rewards, while another portion will go to investors, early project participants, and the strategic reserve.
In light of the recent hack, the market will closely watch whether there will be additional selling pressure from token recipients.
H token unlock in June. Source: Tokenomist.
2. MegaETH
MegaETH chose an unusual distribution option. All 250 million unlocked tokens will be sent not to investors or developers, but to the Mainnet Campaign (Terminal) program.
The project plans to use these coins to boost ecosystem activity and attract new users. But for the market, this is still a major event. The volume entering circulation is almost 33% of the already issued MEGA tokens. Even if sales do not start immediately, traders usually watch such unlocks closely.
For MegaETH this is a significant event. The unlock volume is almost a third of the tokens already issued.
The project itself focuses on high network speed. According to the team, MegaETH can process over 100,000 transactions per second, which is much higher than most existing layer-two solutions.
However, market participants are now more interested in the upcoming token release. The unlock will affect almost a third of the circulating MEGA, so many will be watching how the market reacts to such a large volume of new coins.
MEGA token unlock in June. Source: Tokenomist.
3. Sahara AI
The largest unlock of the week is expected for Sahara AI. On June 26, 1.03 billion SAHARA tokens worth about $14.75 million will enter circulation.
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The project focuses on developing infrastructure for artificial intelligence and combines data management, AI tools, and its own marketplace in one ecosystem.
The main volume of new tokens will go to early investors and the team. Some coins will also be allocated for project development and community support programs.
The situation is complicated by the fact that earlier in June, the token had already lost more than half its value. Sahara AI explained the drop as a cascade of liquidations in the futures market, where mass closing of leveraged positions intensified the sell-off.
Against this backdrop, the new unlock could be another test for the SAHARA price.
SAHARA token unlock in June. Source: Tokenomist.
In addition to these projects, at the end of the month new tokens will also be released by Plasma (XPL), Soon (SOON), and Newton Protocol (NEWT). Therefore, the last week of June promises to be one of the most eventful for token unlocks in recent times.
