3 Token Unlocks to Watch for June 2025

June will see three major token unlocks—ZKsync (ZK), Vana (VANA), and LayerZero (ZRO).  These tokens will unlock nearly $133 million in newly circulating assets.

Overall, $2.4 billion worth of assets will be unlocked this month. These unlocks represent sizable portions of each project’s market cap and could influence short-term price dynamics. Here’s what to know.

1. ZKsync (ZK)

• Unlock Date: June 17
• Number of Tokens to be Unlocked: 770 million ZK (3.67% of Max Supply)
• Current Circulating Supply: 3.675 billion ZK

ZKsync is a Layer 2 scaling solution for Ethereum. It leverages zk-rollups to increase transaction throughput while preserving Ethereum’s base-layer security. 

Also, ZK is the native token used for governance, staking, and transaction fees.

On June 17, 770 million ZK tokens—worth approximately $41.61 million—will be unlocked. Of that, 397.20 million tokens (11%) are allocated to investors, and 372.80 million tokens (11%) to team members. 

ZK Token Unlock in June. Source: Cryptorank

This unlock represents nearly 21% of the token’s market cap. ZKsync is currently trading at $0.05394, down 11% in the last week of May.

2. Vana (VANA)

• Unlock Date: June 16
• Number of Tokens to be Unlocked: 5.19 million VANA (4.33% of Total Supply)
• Current Circulating Supply: 30.8 million VANA

Vana is a decentralized data marketplace that lets users control and monetize their personal data. Its native token, VANA, powers platform access, rewards contributors, and governs network decisions.

On June 16, Vana will release 5.19 million tokens—valued at $35.25 million. The distribution includes 4.74 million tokens (8.98%) for community initiatives and 452.60K tokens (1.65%) for ecosystem expansion. 

Meanwhile, the token is up 18% in the last week of May. So, this unlock could test bullish sentiment.

VANA Token Unlock in June. Source: Cryptorank

3. LayerZero (ZRO)

• Unlock Date: June 20
• Number of Tokens to be Unlocked: 24.68 million ZRO (2.47% of Total Supply)
• Current Circulating Supply: 111.15 million ZRO

LayerZero is an omnichain interoperability protocol designed to connect disparate blockchain networks. Its ZRO token plays a key role in governance and may support future messaging or fee functionalities.

On June 20, LayerZero will unlock 24.68 million ZRO tokens. The unlocked assets will be worth roughly $56.72 million. 

Overall, the allocation includes 12.88 million tokens (4%) for strategic partners, 10.20 million tokens (4%) for core contributors, and 1.60 million tokens (4%) for tokens repurchased by the team. 

Meanwhile, ZRO is currently trading at $2.30, down 10% in the final week of May.

LayerZero Unlock in June. Source: Cryptorank

These three unlocks represent a combined $133 million in token value entering the market. With substantial portions going to insiders and ecosystems, market participants should monitor distribution activity closely. 

Short-term volatility may follow, especially in lower-liquidity trading environments.