🗓️ Date: Sun, Oct 27, 2024, 05:47 AM GMT
Last week saw intense volatility in the crypto market, with rumors of Tether (USDT) investigations and geopolitical pressures affecting Bitcoin (BTC) and various altcoins. While tokens from a previous $105 million unlock dropped in value, Space ID (ID) managed to close the week in the green.
🔎 Biggest Token Unlocks Coming This Week
An even larger wave—$1.04 billion—is slated for release, featuring major tokens like Celestia (TIA), Sui (SUI), and Optimism (OP). As highlighted by Tokenomist, the unlocks scheduled from Oct 28 to Nov 3 could significantly impact supply and pricing.
1. Celestia (TIA): $1.06 Billion Unlock
Celestia will unlock 175.59 million TIA tokens on Oct 30, worth about $1.06B and representing 79.91% of its circulating supply.
Notable allocations:
Private Investors: 117.38M TIA ($712.5M)
Founders & Core Team: 58.21M TIA ($353.35M)
With a 180% recovery from its all-time low, it’ll be crucial to watch if investors take profits or hold on.
2. Sui (SUI): $123.25 Million Unlock
64.21M SUI tokens, worth $123.25M, will be unlocked on Nov 1, affecting 2.32% of its circulating supply. This could increase SUI’s liquidity and volatility.
3. Optimism (OP): $53.91 Million Unlock
31.34M OP tokens, valued at $53.91M, are set for release on Oct 31, impacting 2.50% of supply. Expect potential trading activity, especially if holders opt to sell.
💡 Other Noteworthy Unlocks
Ethena (ENA): $4.87M unlock on Oct 30
Immutable (IMX): $46.76M unlock on Nov 1
Market Dynamics Ahead
With Celestia’s $1.06 billion release leading the pack, market impacts may vary based on holder sentiment. Whether investors hold or cash out will likely shape price action for TIA, SUI, and OP.
Stay informed at coinsprobe.com
📌 Disclaimer: This article is for informational purposes only. Conduct thorough research before investing in any cryptocurrency.
