Crypto Market to Welcome Over $634 Million in Token Unlocks in Second Week of June

The upcoming token unlocks in the crypto market have caught the attention of investors, with three major projects set to release significant new supplies. HOME, HumidiFi, and Magic Eden are among those that will introduce their tokens into circulation, potentially influencing short-term price movements.

HOME, the native token of DeFi.app, is one of the most notable unlocks. On June 10, the network will release 750 million HOME, which accounts for 19.79% of the total released supply. This unlock could have a significant impact on the market, as it represents a substantial portion of the total circulating supply.

HumidiFi, another prominent project, will also unlock tokens on June 9. The Solana-based decentralized exchange will release 256.67 million WET, which is equivalent to around 111.59% of the released supply. This unlock is notable for its high percentage of released supply, indicating a significant injection into the market.

Meanwhile, Magic Eden, a multi-chain marketplace, will release 172.03 million ME on June 10. This represents approximately 33.99% of the released supply and could potentially influence short-term price movements.