In early October, both Cardano (ADA) and Solana (SOL) will undergo significant token unlocks, catching the attention of crypto enthusiasts and market participants. Hereās a breakdown of what to expect:
š„ Cardano ($ADA ) Unlock Details
37.06 million ADA tokens to be unlocked, valued at $14.34 million
Represents a small portion (0.10%) of its circulating supply
Unlikely to cause major price fluctuations due to its relatively small scale
š„ Solana ($SOL ) Unlock Details
524.03 million SOL tokens will be unlocked, valued at $81.56 million
This accounts for 0.11% of Solanaās total supply
While the percentage seems minor, the sheer volume could have implications for market dynamics
š Previous Token Unlock Trends
Solana had a significant unlock in July 2022, when 27.62 million tokens were added, increasing the supply by 7%.
Solanaās token release follows an inflationary mechanism aimed at reducing the inflation rate to 1.5% by 2027.
Concerns have been raised regarding transparency with tokens held by the Solana Foundation and early investors.
Cardano, on the other hand, follows a conservative tokenomics model with less frequent and smaller unlock events, linked to key phases of its project development.
š Other Major Token Unlocks in October
Several other tokens will experience significant unlocks in early October, including:
Aptos (APT): 34.09 million tokens worth $134.42M (4.54% of supply)
Immutable X (IMX): 32.47 million tokens worth $55.86M (2.02% of supply)
Sui (SUI): 68.79 million tokens worth $120.38M (2.57% of supply)
Avalanche (AVAX): 700,000 tokens worth $19.98M
DYDX: 9.88 million tokens worth $10.70M
Mode: 500 million tokens worth $6.62M
NEAR Protocol (NEAR): 2.9 million tokens worth $15.42M (0.26% of supply)
ā ļø What This Means for Investors
Solanaās large unlock could impact market liquidity, while Cardanoās more modest unlock is less likely to cause volatility.
Investors should stay alert to possible price shifts and market sentiment during these events.
š Keep an eye on the markets this October as these unlocks unfold!
ā ļø Disclaimer: This is not financial advice. Always do your own research before making investment decisions.
