June's Biggest Token Unlocks: RAIN Leads With $713M

June brings a wave of significant token unlocks that could weigh on prices across several mid- and small-cap projects. The headline event is RAIN, where $713.6 million from the Strategic Sale allocation is set to hit the market — making it the largest single unlock of the month.

SPK faces arguably the most structurally challenging unlock: its first post-cliff release covers Team, Ecosystem, and Sky Farming allocations, with 25.3% of total supply unlocking at once — equivalent to 139.7% of current market cap. That ratio signals severe potential dilution pressure. SAHARA follows a similar pattern, with 10.5% of supply unlocking across Early Backers, Team & Contributors, and Binance HODLer Airdrop tranches, equivalent to 30.9% of market cap.

Beyond the cliff events, H, STABLE, ZRO, and ADI are all scheduled for routine monthly unlocks in June.