Upcoming October Token Unlocks Could Release $1.3 Billion in Crypto
30.09.2024 17:00 2 min. read Alexander Stefanov SHARE: 0 SHARES Several cryptocurrency projects are set to make substantial token releases next month, notably Celestia, Sui, and Aptos, with a combined distribution of around $1.3 billion to their respective ecosystems. Kicking off on October 1, Sui will unlock 64.19 million tokens valued at approximately $108 million, representing 2.4% of its circulating supply. These tokens will be distributed to early investors, contributors, and community reserves. In anticipation of the release, Sui’s value increased by nearly 8% over the past week and surged 110% in the last month, likely due to the Grayscale Sui Trust launch and Circle’s upcoming USDC integration. Aptos plans to release 11.3 million tokens on October 11, equivalent to about 2.2% of its supply and worth around $91 million. However, APT has faced some price fluctuations, reaching a high of $8.5 recently before falling to approximately $7.9. On October 30, Celestia will see the largest unlock, distributing 175.56 million tokens, which accounts for about 82% of its circulating supply. The tokens will go to early backers and investors. Celestia recently raised $100 million, boosting its total funding to $155 million. Following this news, TIA’s price jumped 14% to $6 but later settled around $6. In addition to these significant unlocks, smaller distributions are expected from projects like Immutable and Arbitrum. The influx of tokens could exceed $3 billion, potentially impacting market dynamics. The Token Unlocks team highlights the importance of staying informed amid the anticipated changes in the market. SHARE: 0 SHARES More Altcoins News Is a Major Correction Looming for Trump’s Meme Coin After 300% Rally? Donald Trump’s recently launched meme coin, Official Trump (TRUMP), has taken the cryptocurrency world by storm, defying the broader market’s struggles. 19.01.2025 8:00 2 min. read Alexander Zdravkov Solana Hits New All-Time High After Donald Trump’s Memecoin Launch Solana (SOL), one of the leading cryptocurrencies globally, has reached a new all-time high, driven by unexpected developments that caught the market’s attention. 18.01.2025 18:40 1 min. read Kosta Gushterov Binance Announced The Listing of Trump’s New Meme Coin on its Platform In a surprise announcement, Binance has confirmed the listing of Donald Trump’s new meme coin, Official Trump (TRUMP), on its futures platform. 18.01.2025 13:05 1 min. read Kosta Gushterov Gary Gensler Challenges Ripple Ruling in Final SEC Filing As his term concludes, outgoing SEC Chairman Gary Gensler has filed an appeal against the Ripple XRP ruling, arguing that the earlier decision by Judge Analisa Torres misinterpreted securities law. 18.01.2025 13:00 2 min. read Alexander Zdravkov QR for the Bitcoin/Ethereum Address: QR for the Bitcoin/Ethereum Address: