Key Takeaways
- Over $443 million in tokens, including cliff and linear unlocks, will be unlocked between June 16 and 23.
- ZK will release over 20% of its supply, while LISTA and MELANIA will see unlocks of over 6%.
- Crypto eyes will also focus on the upcoming Federal Reserve meeting.
This week, crypto markets are navigating a one-two punch: a surge of fresh token supply hitting exchanges just as the Federal Reserve prepares a pivotal policy announcement.
As traders brace for over $443 million in token unlocks, macro forces are also closing in. Liquidity hopes hinge on a Fed pivot that may not arrive soon.
Over $443 Million in Token Unlocks
Between June 16 and 23, over $443 million worth of tokens will be unlocked across several major projects, potentially introducing significant volatility to the crypto markets.
According to data by Tokenomist , these unlocks include cliff unlocks (significant one-time releases) and linear unlocks (steady daily releases).
Cliff unlocks this week will affect tokens such as Fasttoken (FTN) for $88.8 million, Zksync (ZK) for $38.2 million, Arbitrum (ARB) for $30.8 million, Sonic (S) for $15.9 million, Space ID (ID) for $12 million, and others.
In particular, ZK will unlock over 20% of its circulating supply, while LISTA and MELANIA also see unlocks above 6%.
Solana, World Among Large Linear Unlocks
The largest Linear Unlocks for the week include Solana (SOL) with $72.6 million, World (WLD) at $36.8 million, Bittensor (TAO) at $18.8 million, Dogecoin (DOGE) at $16.9 million, and EtherFi (ETHFI) at $9.1 million.
Smaller-cap tokens like Morpho and Jito (JTO) are also seeing steady unlocks of around $8 to 9 million each.
In the case of Sonic and others, these aren’t just unlocks from existing reserves, some involve the minting of new tokens, increasing the dilution effect for current holders.
While most of these unlocks follow a pre-established schedule, the volume this week could exert downward pressure on prices, particularly for tokens with lower liquidity or limited demand.
Fed Decision Looms as Crypto Eyes Liquidity Hopes
Token unlocks aren’t the only market-moving event this week.
On Wednesday, the Federal Reserve will announce its latest policy decision — one that could ripple through the crypto market.
Despite growing hope in crypto circles, the Fed may hold interest rates steady at its June 18 meeting.
According to the CME FedWatch tool , there’s a 99.7% chance the target range will stay at 4.25%–4.50%, with no cuts priced in.
That undercuts a popular crypto narrative: a dovish pivot could unleash fresh liquidity into digital assets, especially after May’s cooler-than-expected CPI reading of 2.4%.
But Fed Chair Jerome Powell has been clear — inflation is still above target, and cutting rates too early could undo hard-won progress.
Crypto analysts continue to draw bullish links between Bitcoin rallies and rate-cut cycles. But for now, the Fed’s cautious, data-driven stance offers little fuel for that fire.
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