Between 7th and 13th October, over $200 million in crypto will be unlocked.
$93.75 million in APT will be unlocked on October 11th.
$34.56 million EIGEN tokens will be released in the market on October 8th.
Over $200 million worth of cryptocurrencies will enter the market between October 7th and 13th from various blockchain projects, potentially impacting altcoin prices as the broader market grapples with a downtrend and rising geopolitical tensions in the Middle East.
According to an X post by Token Unlocks, Aptos (APT), EigenLayer (EIGEN), Optimism (OP), Neon EVM (NEON), Cardano (ADA), and Mode (MODE) will unlock a total of $200 million in their respective tokens, leading to potential price volatility.
Read also: Altcoin Rally: STX, SUI, TON, RUNE, POL, EGLD, VET Gain
Aptos and Cardano Unlocks
On October 11th, APT will unlock $93.75 million (over 2.26% of its circulating supply), while ADA will unlock only $6.42 million (over 0.05% of its circulating supply) on October 7th. Another $6.42 million in ADA will be unlocked on October 12th. Notably, close to 85% of ADA’s total supply has already been unlocked.
According to CoinMarketCap, ADA has …
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