Over $32 Million From BLAST, ALT, VENOM to Hit Market

Insider token unlocks for the week of June 23–29 are set to release over $31.8 million worth of assets into the market. This substantial movement includes some high-impact tokens like BLAST, ALT, VENOM, YGG, and C98.

These pre-scheduled releases of previously locked tokens increase the circulating supply, and market participants will be closely monitoring their potential impact on price volatility.

BLAST Takes the Spotlight with $25M Unlock

BLAST tops the list, accounting for $25.15 million or 35.08% of its circulating supply. Despite this, its price has seen modest changes, currently at $0.002411.

The chart reveals a brief upward move before a consistent downtrend, bottoming at $0.002385.

Although the token saw a slight bounce, overall momentum remains weak. Resistance sits around $0.00245, while support levels hover at $0.002385 and $0.00239. Volume has dropped nearly 34%, hinting at cooling market interest. Given the vast total supply of 100 billion tokens, further unlocks could pressure the price in coming weeks.

AltLayer (ALT) and Venom (VENOM) Unlocks

AltLayer (ALT) follows with a $3.43 million unlock, representing 2.87% of its circulating supply. Currently trading at $0.03406, ALT has trended downward with a minor end-of-day recovery.

Resistance is firm at $0.03565, while support lies near $0.03325. A 56% drop in daily volume, coupled with a high future dilution risk, raises caution for short-term holders.

Source: CoinMarketCap

Meanwhile, VENOM, with a smaller unlock of $1.69 million, showed an interesting volume surge of 147%. Its current price is $0.1588. Despite early losses, the token rebounded and formed a double peak.

Key resistance lies at $0.1624, while $0.1560 serves as the critical support level. However, with only 12.3% of its total supply in circulation, dilution concerns remain prominent.

YGG and C98 Show Mixed Sentiment

Yield Guild Games (YGG), unlocking $1.02 million, displayed a bullish structure after recovering from a mid-day dip.

Source: CoinMarketCap

Related: Crypto Market Set for Massive Shift: $13B in Tokens Unlocking Over the Next Six Months

Price ended higher at $0.1607, with support now forming at $0.1580. Its circulating supply is over 50%, suggesting reduced inflation pressure compared to others.

Source: CoinMarketCap

Coin98 (C98), with a relatively minor $244k unlock, declined 5.26% to $0.04440.

Related: Massive $230M in Insider Unlocks Set to Shake Crypto Markets (June 16–22, 2025)

It showed weak price support throughout the day, though a small bounce was observed late. The FDV closely matches its market cap, meaning most tokens are already in play.