3 Major Token Unlocks Happening in June 2025

This June, a wave of token releases will introduce new supply to the market, with three key projects in focus: ZKsync, Vana, and LayerZero. Together, these unlocks total approximately $133 million worth of tokens entering circulation, a substantial influx that could influence market dynamics in the near term.

In total, June is expected to see around $2.4 billion in token releases across various projects, but these three stand out due to their significant impact on supply and their importance within their respective ecosystems.

Vana (VANA)

Vana is a decentralized marketplace designed to give users control over their personal data and the ability to monetize it, an increasingly relevant issue amid global privacy concerns. Its token, VANA, is central to platform access, incentivizing contributions, and governance.

On June 16, Vana will unlock 5.19 million tokens, valued at approximately $35.25 million. Most of this allocation is intended to support community initiatives and ecosystem development. The VANA token has recently gained 7%, suggesting growing optimism that the upcoming unlock could be well-received or even strengthen market sentiment.

• Unlock Date: June 16
• Tokens to Be Released: 5.19 million VANA (4.33% of Total Supply)

The timing here is interesting. With increasing attention on data privacy, Vana’s community-focused token distribution could either fuel bullish momentum or prompt profit-taking as new supply enters.

ZKsync (ZK)

ZKsync is gaining attention as a Layer 2 scaling solution for Ethereum, using zk-rollups to increase transaction speed while maintaining security. Its native token, ZK, plays a key role in governance, staking, and paying network transaction fees.

On June 17, a large release of 770 million ZK tokens, worth approximately $41.6 million, is scheduled. Almost half of these tokens are held by investors and the team, representing a significant portion of the token’s market capitalization.

• Unlock Date: June 17
• Tokens to Be Released: 770 million ZK (3.67% of the maximum supply)

This token release may cause some volatility, particularly given that ZK’s price has declined roughly 16% in the last week of May. Also, it raises questions for both holders and speculators, as the higher supply could put more pressure on the price or bring new interest if the project’s scaling tech gains traction.

LayerZero (ZRO)

LayerZero is an interoperability protocol designed to connect various blockchain networks, an essential function as the crypto space grows more complex. ZRO tokens are used for governance and potentially future fee models.

On June 20, LayerZero will release 24.68 million ZRO tokens, valued at approximately $56.7 million. A significant portion is earmarked for strategic partners and core contributors, signaling insider holdings entering circulation.

• Unlock Date: June 20
• Tokens to Be Released: 24.68 million ZRO (2.47% of Total Supply)

Currently trading at $2.23, ZRO’s price fell nearly 18% in the final days of May. This release adds another layer of uncertainty for traders, especially as LayerZero is gaining attention for its cross-chain capabilities, an area many see as key to blockchain’s next phase.

What This Means for Investors?

June’s token unlocks may mark significant milestones for each project, introducing a substantial increase in supply that could challenge investor sentiment. While these events are designed to support long-term ecosystem development, they also carry short-term price risks.

Whether these unlocks lead to selling pressure or renewed momentum will largely depend on broader market trends and how each community responds. Investors and traders should remain attentive, as June could present both challenges and opportunities across these projects.