The final week of June will bring a wave of new tokens to the market. Overall, assets worth$84.64 million willbe unlocked. Three major projects, Blast (BLAST), Venom (VENOM), and Across Protocol (ACX), will release a large portion of previously locked tokens into circulation.
Token unlocks are known to fuel market volatility. Thus, the influx of new supply could lead to significant price fluctuations.
1. Blast (BLAST)
Unlock Date: June 26 Number of Tokens to be Unlocked: 10.5 billion BLAST (10.5% of Total Supply) Current Circulating Supply: 30 billion BLAST Total supply: 100 billion BLAST
On June 26, the network will unlock 10.5 billion tokens, valued at $22.6 million. This massive release represents 34.94% of BLAST’s current circulating supply.
The unlocked tokens will be distributed among core contributors and investors. Core contributors will receive 6.37 billion BLAST tokens, representing 21.2% of the market capitalization. Moreover, 4.13 billion tokens will go to investors, equivalent to 13.7% of the current market cap.
As the unlock nears, BLAST’s market performance has been underwhelming. Over the past week, its value has declined by 15.3%.
2. Venom (VENOM)
Unlock Date: June 25 Number of Tokens to be Unlocked: 59.26 million VENOM (0.74% of Total Supply) Current Circulating Supply: 2 billion VENOM Total supply: 8 billion VENOM
Venom is a blockchain built on the Threaded Virtual Machine (TVM). It aims to enable the development of Web3 applications and next-gen digital infrastructure.
Furthermore, the blockchain utilizes dynamic sharding and Mesh network technology for enhanced efficiency and scalability. On June 25, the project will release 59.26 million VENOM tokens worth $9.9 million.
The project will allocate the majority of the unlocked tokens (17.92 million) for ecosystem development. Early backers will receive 15 million tokens, while the community will get 15.8 million tokens. Additionally, the team will receive 10.5 million tokens.
Meanwhile, VENOM has been up 0.1% over the past week. However, the token unlock could test these small gains.
3. Across Protocol (ACX)
Unlock Date: June 30 Number of Tokens to be Unlocked: 100 million ACX (10% of Total Supply) Current Circulating Supply: 441.7 million ACX Total supply: 1 billion ACX
Across is an interoperability protocol that uses intents to offer fast, low-cost cross-chain transfers without security trade-offs. It aims to solve fragmentation in rollups and L2s through an intent-based architecture.
On the last day of this month, the network will release 100 million ACX tokens. Strategic Partnerships and Fundraising will receive the entire unlocked supply worth $14 million. The tokens represent 22.6% of the current market capitalization.
Meanwhile, the ACX token is down 19.4% over the past week, reflecting a bearish market sentiment surrounding it.
Other prominent token unlocks that investors can look out for this week include Soon (SOON), AltLayer (ALT), and Undeads Games (UDS). These unlocks could test market resilience, especially with shaky macro conditions. Potential short-term headwinds may emerge, particularly for tokens with high unlock percentages like BLAST and ACX.
As the SEC is signaling its willingness to approve new altcoin ETFs, 72 active proposals are awaiting a nod. Despite the growing interest from asset managers to launch more altcoin-based products in the institutional market, Bitcoin ETFs currently command 90% of crypto fund assets worldwide.
New listings can attract inflows and liquidity in these tokens, as demonstrated by Ethereum’s approval of ETF options. Still, given the current market interest, it’s highly unlikely that any crypto found will replicate Bitcoin’s runaway success in the ETF market
Bitcoin Dominates the ETF Market
Bitcoin ETFs dramatically changed the global digital assets market over the past month, and they are performing quite well at the moment. In the US, total net assets have reached $94.5 billion, despite continuous outflows in the past few months.
This flood has been so intense that there are currently 72 active proposals for the SEC’s consideration:
“There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x MELANIA and everything in between. Gonna be a wild year,” claimed ETF analyst Eric Balchunas.
However, Bitcoin has a sizable head start, and it’s difficult to imagine any newcomer disrupting its 90% market share.
Bitcoin Represents 90% of Global Crypto ETF Investment. Source: Eric Balchunas
To put that into perspective, BlackRock’s Bitcoin ETF was declared “the greatest launch in ETF history.” Any new altcoin product would need a significant value-add to encroach upon Bitcoin’s position.
Recent products like Ethereum ETF options have attracted fresh liquidity. Yet, Bitcoin’s dominance in the institutional market remains unchanged.
Of these 72 proposals, only 23 refer to altcoins other than Solana, XRP, or Litecoin, and many more concern new derivatives on existing ETFs.
Some analysts claim that these products, taken together, couldn’t displace more than 5-10% of Bitcoin’s ETF market dominance. If an event significantly disrupted Bitcoin, it would also impact the rest of crypto.
Still, that doesn’t mean that the altcoins ETFs are a futile endeavor. These products have continually created new inflows and interest in their underlying assets, especially with issuers acquiring token stockpiles.
However, it’s important to be realistic. While XRP and Solana ETF approvals could drive new bullish cycles for the altcoin market, Bitcoin will likely dominate the ETF market by a large margin — given its widespread recognition as a ‘store of value’.
Hyperliquid (HYPE) is under pressure, down 16% over the past seven days as technical indicators increasingly point toward bearish control. Momentum has weakened sharply, with the Relative Strength Index (RSI) dropping below 40 and showing no signs of strong buying interest since late March.
At the same time, the Directional Movement Index (DMI) shows sellers gaining dominance, with a rising ADX suggesting a potential strengthening of the downtrend. As HYPE approaches key support levels, the market now waits to see if bulls can mount a recovery—or if further downside is ahead.
The ADX measures the strength of a trend regardless of its direction. Readings below 20 typically indicate a weak or range-bound market, while values above 25 suggest the presence of a strong trend.
With the current ADX moving closer to that 25 threshold, it suggests that trend strength is building—but hasn’t fully confirmed yet—indicating that traders should be on alert for potential continuation in price action.
Meanwhile, the +DI and -DI lines, which represent bullish and bearish directional movement, respectively, have shifted significantly.
The +DI has dropped sharply from 25.68 to 12.79, while the -DI has surged from 11.29 to 23.4, indicating that bearish momentum has clearly overtaken bullish pressure. This shift suggests that sellers are gaining control of the market, and unless the +DI line can reverse and regain ground, HYPE could be at risk of further downside.
Hyperliquid has seen its Relative Strength Index (RSI) fall significantly over the past two days, dropping from 63.03 to 39.39.
The RSI is a momentum oscillator that measures the speed and magnitude of recent price changes, ranging from 0 to 100.
Readings above 70 typically indicate that an asset is overbought and may be due for a correction, while readings below 30 suggest it is oversold and could be primed for a rebound. Levels between 30 and 70 are considered neutral, but directional shifts within this range often reflect changing momentum.
With HYPE’s RSI now sitting at 39.39, the indicator suggests weakening bullish momentum and growing bearish pressure. The fact that the RSI hasn’t touched or exceeded the 70 mark since March 24 signals a lack of strong buying conviction in recent weeks.
This would align with the recent drop in momentum indicators like the RSI and the growing bearish pressure seen in directional movement data.
However, if buyers manage to step in and shift momentum, HYPE could attempt to reclaim higher levels. A break above the immediate resistance at $12.19 would be the first sign of recovery, potentially opening the door for a move toward $14.77.
If bullish momentum accelerates, the rally could extend as far as $17.33, which would mark a full reversal of the current bearish structure.
Speculation about Nvidia adding Bitcoin to its treasury reserves has surfaced recently. These unconfirmed reports lead to questions about the potential for increased institutional adoption of Bitcoin and the possible performance of such a move for Nvidia, whose stock value has fallen considerably this year.
BeInCrypto interviewed representatives from Banxe, FINEQIA, CoinShares, Bitunix, and Acre BTC to discuss Bitcoin’s potential benefits for Nvidia and explore whether such an investment would ultimately benefit the company in the long run.
Rumors of Nvidia’s Potential Bitcoin Investment
Over the past few weeks, several reports have surfaced across social media suggesting that Nvidia, a pioneer in GPU-accelerated computing, is considering adding Bitcoin to its balance sheet.
These reports remain purely speculative at the time of press, given that Nvidia has not made any official statements on the topic. When BeInCrypto reached out for clarification, an Nvidia spokesperson declined to comment.
Even as rumors, these reports highlight the significant impact of such a decision on Bitcoin’s public perception. Given Nvidia’s current economic circumstances, marked by a substantial drop in stock value, an announcement of this nature would not be completely unexpected.
As such, Nvidia’s stock price has taken a hit. According to recent reports, Nvidia stock has fallen 35% since its latest price peak in January.
Nvidia’s stock reacted especially poorly to the news that China’s Huawei Technologies is testing a new AI chip potentially more powerful than Nvidia’s H100.
Given these circumstances, Nvidia can mitigate current economic challenges by diversifying its treasury assets.
Should Nvidia Consider Adding Bitcoin to Its Balance Sheet?
Such a move would significantly alter how other institutional investors view Bitcoin, potentially encouraging more companies to adopt a similar strategy. The crypto community would likely celebrate the news, believing it would solidify Bitcoin’s legitimacy as an asset class.
However, the extent to which Nvidia requires Bitcoin for stability remains controversial.
Risks of Adding Bitcoin to Nvidia’s Treasury
As it is, Nvidia already has other strategies that help the company hedge against volatility and inflation. Adding Bitcoin into the mix may seem excessive.
This becomes especially true when considering just how volatile Bitcoin itself can be. Though the asset can generate significant gains during bullish periods, the losses it can cause are equally severe.
As such, Bitcoin might not be the natural choice to defend Nvidia from its current stock declines. An investment of this kind would need to reflect a long-term strategy rather than an impulse decision.
Would BTC Even Make a Difference on Nvidia’s Share Price?
Bitcoin has demonstrated high returns over the long term, though with considerable volatility. For companies able to withstand the associated risks, including large price fluctuations, it offers the potential for significant future profits.
With its substantial financial resources, Nvidia could absorb Bitcoin’s volatility without a major impact on its balance sheet. In this sense, the company has little to lose, but also little to gain.
Ultimately, Nvidia’s decision to invest in Bitcoin hinges on timing and urgency, particularly given recent developments that have alleviated some pressures on the company.
Easing Export Restrictions: A Boost for Nvidia
Last week, the Trump administration announced its plans to roll back certain Biden-era export restrictions on advanced semiconductor chips.
Biden’s ‘AI Diffusion Rule’ established these restrictions to enhance US technological leadership by preventing advanced chips from being diverted to countries of concern, especially China. Given that China was Nvidia’s main buyer, the rule significantly hampered its sales.
A rollback would be highly advantageous for Nvidia’s sales, especially amid this new wave of chipmakers.
Similarly, the recent US-China tariff pause led to Nvidia’s stock price rise. Despite its temporary nature, the news is a positive sign for the company, promising reduced uncertainty and potential gains in sales and supply chain stability.
Considering these developments, adding Bitcoin to Nvidia’s balance sheet may no longer be urgent. If Nvidia were to make such a decision out of haste, it might also drive away traditional investors and long-time buyers.
Many areas of traditional finance remain highly skeptical of Bitcoin due to its short history and highly volatile nature. If Nvidia adds Bitcoin as a treasury asset, traditional investors might view it as a poor decision, potentially alienating long-time clients.
