A major wave of crypto token unlocks is to take place from October 8 to October 14. As per the data from TokenUnlocks, the token unlocks will account for up to $451M, including $WLD, $TAIKO, $OP, $SOL, $APT, and so on.
Major crypto token unlocks are set to take place from October 8 to October 14. According to data from TokenUnlocks, these unlocks will be valued at up to $451M, covering tokens like $WLD, $TAIKO, $OP, $SOL, $APT, and more. This event is expected to attract attention from traders and investors as it may impact the price and liquidity of these assets.
Token unlocks refer to the release of tokens that were previously locked. This is usually part of VC funding rounds or initial coin offerings. Once unlocked, these tokens can be traded or sold by their users. This event can increase the circulating supply of the token. The event can significantly impact the market depending on the present demand and the volume of tokens being released.
One of the significant components of the upcoming unlocks is the big coin cliff unlocks. This category includes tokens like $ADA, $XAI, $OP, and $APT. These token unlocks are valued at over $153M. Notably, $APT will unlock 11.31M tokens, valued at $993M, which contributes to 2.25% of the circulating supply.
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Moreover, $OP will reportedly unlock 12.47M coins, valued at $21.08M, and 12M coins, valued at $19.80M. This contributes to 0.99% of the token’s circulating supply. $XAI will see a massive 35.88M tokens in token unlocks, valued at nearly $7.23M. This figure comprises 15.62% of the total circulating supply. $ADA will mint 18.53M coins, valued at almost $6.5M. This denotes 0.05% of the circulating supply.
$SOL to See Big Linear Token Unlocks Worth $78.57M
The other category includes a set of big linear unlocks. These cover $DOGE, $AVAX, $WLD, and $SOL. Occurring gradually over an extended period, these unlocks will see up to $298M in value being released. Notably, $SOL will mint 542,030 coins, valued at $78.57M, which contributes to 0.11% of the circulating supply.
$WLD will reportedly unlock 37.23M coins, valued at $74.45M, accounting for 7.32% of the total supply. $AVAX will see 700,000 coins (nearly $19.11M), showing 0.17% of the token’s circulating supply. Furthermore, $DOGE will unlock up to 94.47M coins, valued at $10.78M, denoting circulating supply’s 0.06%.
