June is set to mark another significant milestone for token unlocks in the cryptocurrency sphere, with projects totaling over $650 million in token value at current market prices. Among the notable unlocks are dual releases totaling $100 million each from Ethereum Layer 2 network Arbitrum and promising Layer 1 project Aptos. A diverse range of projects and protocols are slated for token unlocks throughout the month. Here's a breakdown of the key unlocks scheduled for June:

- Aptos: June 12, $100 million
Aptos, a project with significant ties to former members of Facebook's Libra currency initiative, will release 2.59% of its circulating supply, equivalent to 11.31 million tokens valued at around $100 million.

- ImmutableX: June 14, $55 million
ImmutableX, a Web3 gaming company, will unlock 1.72% of its circulating supply, releasing 25.5 million tokens valued at $55 million. Anticipation is high for Web3 gaming projects like Illuvium, which could boost ImmutableX's market cap ranking.

- StarkNet: June 15, $75 million
StarkNet, an Ethereum Layer 2 network with ambitious plans outlined in its 2024 roadmap, is set to release 64 million tokens, accounting for 5.6% of its circulating supply. The tokens are currently valued at approximately $75 million.

- Arbitrum: June 16, $103 million
Arbitrum, having recently achieved a significant milestone as the first Layer 2 network to surpass $150 billion in total volume on Uniswap, will unlock 3.2% of its circulating supply on June 16. This release comprises 92.6 million tokens with a current value of about $103 million.

Space ID is slated for a token unlock event on June 22, releasing an additional 18.3% of its circulating supply. The protocol, aspiring to serve as a comprehensive hub for various on-chain domains, will make available 78.5 million tokens valued at approximately $56 million.

Optimism is scheduled to unlock 31.3 million tokens, worth around $77 million, on June 30. This release accounts for 2.9% of the token's circulating supply. Recently, Optimism expanded its support to enable Layer 3 chains to join the Superchain. Despite reaching the milestone of unlocking 25% of its tokens, three-quarters remain locked.

Additionally, several other notable token unlocks are set for June:

- ApeCoin will unlock 2.5% of its circulating supply, releasing 15.6 million tokens valued at approximately $20 million on June 17.

- On June 19, Pixels will unlock 7% of its circulating supply, making available 54 million tokens worth about $25 million at current market prices.

- AltLayer is scheduled to unlock 6.9% of its circulating supply on June 25, releasing 105 million tokens valued at around $36 million.

- On June 30, Echelon Prime will unlock 4% of its circulating supply, releasing 1.7 million tokens valued at approximately $28 million.