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Cryptocurrency News Articles
October Token Unlocks: Celestia, Sui, Aptos, Axie Infinity and More Projects Set to Release Hoards of Tokens
Sep 30, 2024 at 05:02 am
In the coming weeks of 'Uptober,' several prominent cryptocurrency projects are scheduled to unlock substantial portions of their token supply. Most significant among them is Celestia
Several major cryptocurrency projects are set to unlock a total of over $1.5 billion in tokens over the next few weeks.
Here's a closer look at the upcoming unlocks, scheduled for October, that are valued at $10 million or more, according to Token Unlocks data.
Sui will unlock tokens valued at approximately $115.55 million on October 1. This batch of Sui tokens (SUI) comprises about 2.40% of the total circulating supply.
Next up, we have ZetaChain (ZETA), which is scheduled to unlock tokens valued at around $38.59 million on October 1. Notably, this unlock represents a substantial 13.43% of ZETA's circulating supply.
ImmutableX (IMX), a scaling solution for NFTs on Ethereum (ETH), will also be unlocking a batch of tokens on October 4, valued at approximately $58.78 million. This portion of IMX tokens accounts for about 2.02% of the total circulating supply.
Another Layer 1 blockchain project, Aptos (APT), is set to unlock tokens valued at approximately $92.17 million on October 11. This batch of Aptos tokens comprises about 2.25% of the total circulating supply.
Taiko (TAIKO), an Ethereum-equivalent "modular rollup," will be unlocking 12 million tokens on October 14, which is valued at about $23.40 million at current prices. Notably, this batch of Taiko tokens accounts for 15.70% of the total circulating supply. In terms of percentage, this is the second-largest token unlock for the month of October.
Axie Infinity (AXS), a popular blockchain-based game, will also be unlocking a batch of tokens on October 14, valued at $50.43 million at current prices. This portion of Axie Infinity tokens (AXS) accounts for about 6.14% of the total circulating supply.
Later on, we have StarkNet (STRK), an Ethereum Layer 2 scaling solution, which is scheduled to unlock tokens valued at around $30.60 million on October 15. This batch of StarkNet tokens (STRK) comprises about 3.60% of the total circulating supply.
Next in line is Arbitrum (ARB), another Ethereum Layer 2 scaling solution, which will be unlocking tokens valued at approximately $60.14 million on October 16. This portion of Arbitrum tokens (ARB) accounts for about 2.56% of the total circulating supply.
Finally, we have ApeCoin (APE), the token associated with the Bored Ape Yacht Club ecosystem, which is scheduled to unlock tokens valued at approximately $13.04 million on October 17. This batch of ApeCoin tokens (APE) comprises about 2.31% of the total circulating supply.
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