October 1, 2024 was recorded as a day of significant developments in the cryptocurrency world. A number of altcoin projects stood out with exchange listings, token unlocks, and various events. In this article, we will examine updates on Sui, Eigenlayer, ZetaChain, Maverick Protocol, and other projects.
A Critical Day for Altcoin Projects
Sui released around 64.2 million tokens on October 1. This unlock represents around 2.40% of the circulating supply and can often lead to price volatility in the market. This development has renewed investor interest in the future of the project.
Eigenlayer attracted attention by being listed on many major exchanges on the same day. The project started trading on the EIGEN/USDT trading pair on platforms such as MEXC, Bitget, KuCoin, HashKey Global, BingX, OKX, Bitfinex, WhiteBIT and BitMart.
ZetaChain released approximately 53.89 million tokens on Oct. 1, releasing 13.43% of its circulating supply. This unlocking could increase liquidity in the market and also cause price volatility.
Maverick Protocol also released around 36.4 million tokens on October 1, which covers 9.59% of the circulating supply. The project is going through an important phase for liquidity providers and investors.
dYdX (DYDX) has released 8.34 million tokens, unlocking 1.32% of the circulating supply; this development could be a critical turning point for DYDX investors.
The Root Network (ROOT) started trading on the BitMart exchange with the ROOT/USDT trading pair. Unio Coin (UNIO) met with the community with the AMA (Question and Answer) event held on the Bitget platform, and investors had the opportunity to learn the details of the project via Discord.
1inch (1INCH) has caught the community’s attention with a major announcement regarding full stack decentralization. Enjin Coin (ENJ) and Multiverse Quests have announced a new event on the same day, but details have not yet been shared.
API3 (API3) has taken a potentially impactful step by shutting down its stock, forex, and commodity data feeds. CoW Protocol (COW) and Gnosis (GNO) have caught the attention of the community by announcing their full-stack decentralization plans.
Everscale (EVER) has announced that it will be publishing new instructions for its LEVER token swap. This change could be a significant step for Everscale users.
BTSE Token (BTSE) met with the community at an AMA event held on October 1st and discussed important topics with Orderly Network’s COO Arjun Aurora. Osaka Protocol (OSAK) was listed on the MEXC Global exchange with the OSAK/USDT trading pair. Libertum (LBM) also began trading on the same exchange with the LBM/USDT trading pair.
Covalent X Token (CXT) has been listed on the BitMart exchange with the CXT/USDT trading pair. These developments show how active October 1 was for the cryptocurrency market.
