Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Crypto Unlocks to Reach $3.46 Billion in October, Led by TIA

Crypto Unlocks to Reach $3.46 Billion in October, Led by TIA

CoineditionCoinedition2024/09/26 16:00
By:Ebiseyei Badei
  • $3.46 billion in crypto tokens to be unlocked in October 2024, with TIA leading at $1.12 billion.
  • SUI tops the early October unlock period with $108M, followed by SOL at $75.9M and WLD at $58.07M.
  • Significant token releases are expected to drive market volatility.

October 2024 will bring in quite a lot of token unlocks, with approximately $3.46 billion worth of cryptocurrencies scheduled for release, according to Token Unlocks data .

Several key tokens, including TIA, WLD, and SOL, will experience the effects of it, the most. TIA leads the unlock event with $1.12 billion worth of tokens set to be released. SOL ranks second with $360.80 million worth of tokens set to unlock, while WLD follows closely with $336.31 million.

Read also: Weekly Token Unlocks: $113M Set to Enter the Market, ARB, ID Lead the Pack

Also, tokens not listed individually are projected to release $1.65 billion in value. The large-scale unlocking of TIA , in particular, is expected to dominate October’s supply influx. This influx of tokens may lead to increased volatility as market participants adjust their strategies in response to changing supply conditions.

$568 Million in Crypto Assets to be Released

Over $568 million worth of assets are scheduled to be released into circulation between September 30 and October 6. This event includes prominent projects such as Solana (SOL), SUI, Worldcoin (WLD), Immutable (IMX), and ZetaChain (ZETA).

Read also: Over $568 Million in Crypto Token Unlocks Set to Impact Market

SUI leads the token unlock leaderboard within this period, with more than $108 million worth of tokens entering the market. This figure is followed by Solana (SOL) unlocking $75.90 million and Worldcoin (WLD) releasing $58.07 million. Analysts predict increased volatility due to these high-value token releases.

In addition, Immutable (IMX) and ZetaChain (ZETA) will unlock $54.88 million and $34.78 million worth of tokens, respectively. These assets will be allocated to various stakeholders, including investors, founders, project teams, foundation reserves, and community members.

With such large releases coming, October is shaping up to be a busy month for market activity. For investors, staying updated on these developments is crucial for making informed decisions.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin is inches away from cracking all-time high against gold

If gold remains steady today, a single move from bitcoin to $98,500 would do it

Blockworks2024/11/21 20:44