📢Over $200 million worth of tokens unlocked this week, Arbitrum and Axie Infinity lead💥
October is a key month for token unlocking, with over $1 billion worth of tokens to be released. This week, several major projects have seen major unlocking events.
🌟Arbitrum will release 96 million ARB tokens, worth approximately $51 million, or 2.65% of the total supply. This unlocking could have a significant impact on prices and market dynamics.
🐱Axie Infinity plans to release 9.25 million AXS tokens, worth over $43 million, or 6.08% of the total supply.
In addition, Eigen Layer will unlock 11.22 million tokens, worth over $40 million, or 6.01% of the total supply. Starknet will release 64 million STRK tokens, worth approximately $27.3 million, or 3.30% of the supply. ApeCoin will unlock 15.6 million APE tokens, worth about $11.42 million, accounting for 2.31% of the supply. Cardano will unlock 18.53 million ADA tokens, worth about $6.4 million.
Several projects will also experience linear unlocking this week. Worldcoin will release 37.23 million tokens worth more than $85 million, and Solana will unlock 524,000 tokens worth nearly $80 million. Dogecoin and Sui will also experience linear unlocking.
Token unlocking may have a multi-faceted impact on the market. Investors need to pay close attention to market dynamics and make decisions carefully.
