The crypto market stayed in a holding pattern this week, with Bitcoin and Ethereum leading a flat-to-slightly-down trend. Altcoins continued to bleed quietly, weighed down by weak demand and ongoing emissions. In this environment, even strong performers like $ETHFI have lost momentum, while high-emission tokens such as $PYTH remain under pressure. This week, we spotlight major unlocks from $FTN and $ZRO — both involving insider allocations — and examine early TGE performance of $SOON alongside peer comparisons using our new Competitor Analysis tool.
Weekly Unlocks Recap
The crypto market remained largely flat to slightly down over the past week, with Bitcoin and Ethereum continuing to lead the sideways drift. However, beneath the surface, many altcoins have been slowly bleeding, reflecting a lack of fresh capital or narrative momentum. Ongoing geopolitical tensions — particularly renewed conflict concerns between Israel and Iran — have also added to market uncertainty, contributing to the cautious sentiment across risk assets.
Tokens with the highest supply released over the past 30 days have mostly seen flat to downward price action. For example, $ETHFI, which previously showed strong momentum, is now trending sideways to slightly down as fresh demand dries up. $PYTH continues to underperform — even during broader market strength, the token failed to rally due to ongoing emissions and has since set repeated all-time lows.
Upcoming Events
Next week’s scheduled token unlocks are set to be around $900 Million in total value. Of this, approximately 25% is classified as insider unlocks under Tokenomist’s framework — referring to allocations designated for founders, core teams, or early investors. Notable tokens facing sizable releases by dollar value include $MRS, $FTN, $SOL, $ZRO, and $ZK.
Unlocks Spotlight: $FTN
- Unlock Date: June 18, 2025
- Unlock as % of Circulating Supply: 4.66%
- Current Unlock Progress: 90% unlocked
- Vested Allocations: Founders
$FTN tops this week in terms of total dollar value unlocked. The tokens released are part of the ongoing vesting schedule for the founder allocation — a cohort that has already seen partial unlocks in previous months. While founder-related unlocks often raise concerns around sell pressure, $FTN’s price has remained on a strong upward trajectory, suggesting continued market confidence and healthy demand.
Unlocks Spotlight: $ZRO
- Unlock Date: June 20, 2025
- Unlock as % of Circulating Supply: 23.13%
- Current Unlock Progress: 25% unlocked
- Vested Allocations: Strategic Partners, Core Contributors, and Token Repurchased
$ZRO leads this week in terms of unlock size relative to its circulating supply. This event marks the very beginning of insider unlocks, covering allocations to strategic partners and core contributors. Notably, this cohort controls over 50% of the total token supply, which will now enter a 2-year monthly vesting schedule. With such a large portion of supply starting to vest, market participants will be closely watching how $ZRO absorbs this new overhang — especially given its limited prior float.
New TGEs on the Radar
This week’s TGE is $SOON (Solana Optimistic Network), a rollup stack powered by the Solana Virtual Machine (SVM) designed to bring Solana’s performance to other Layer 1 chains. Since its debut, $SOON has struggled, with its price dropping over 50% from the TGE level. The early price pressure likely stems from airdrop recipients and launchpool participants taking profit, while insider tokens remain locked until June 2026.
With our new Competitor Analysis feature, it’s easier than ever to put new launches like $SOON into context. $SOON has a relatively low float, with only 18.9% of its total supply currently unlocked. When benchmarked against peers like $MERL and $BLAST, $SOON appears fairly priced at a ~$200M market cap. The chart suggests that the initial TGE price may have been set too high, and the current valuation now aligns more reasonably with comparable projects.
Notable Crypto News
Institutional
- Payment Company Stripe to Acquire Crypto Wallet Provider Privy (Bloomberg)
Regulation
- US Senate schedules final GENIUS stablecoin bill vote for June 17 (The Block)
Tokenomics
- Avalon Labs has officially burned 80M $AVL, representing 44% of the circulating supply (Avalon Labs)
General
- Plasma’s XPL Token Sale Attracts $500M as Investors Chase Stablecoin Plays (CoinDesk)
- XRP Ledger's Ethereum-Compatible Sidechain to Go Live in Q2 (CoinDesk)
- Shopify teams up with Coinbase and Stripe in USDC stablecoin payments push (The Block)
- Coinbase partners with American Express to launch 'Coinbase One Card' offering up to 4% Bitcoin back on all purchases (Coinbase)