Unlocking Tokens Worth $200 Million: Arbitrum and Axie Infinity Take the Lead
The month of October is proving to be significant for token unlocking events, as over $1 billion worth of tokens are poised to be released. While some tokens have already been unlocked, notable projects like Arbitrum [ARB] and Cardano [ADA] are scheduled for this week.
Arbitrum, Axie Infinity, Eigen at the Forefront
Token Unlocks data reveals that several major projects are preparing for substantial token unlocks in the upcoming days. Leading the pack is Arbitrum, set for the most significant unlock this week. Around $51 million worth of ARB tokens, totaling 96 million tokens and representing 2.65% of the total ARB supply, will be released, potentially impacting Arbitrum’s price and market dynamics significantly.
Following Arbitrum is Axie Infinity [AXS], which is scheduled to unlock $43 million worth of tokens, totaling 9.25 million AXS tokens representing 6.08% of the total supply. This event is anticipated as one of the most significant of the week.
Next in line is Eigenlayer [EIGEN], with 11.22 million tokens worth over $40 million to be unlocked, accounting for 6.01% of the total supply, making it the third-largest event for the week. Investors and traders are keenly observing how these new tokens entering the market will impact the overall scenario.
Other Significant Token Unlock Events
Aside from the major projects mentioned, this week will see the unlocking of tokens from Starknet [STRK], ApeCoin [APE], and Cardano. Starknet will be releasing $27.3 million worth of tokens (64 million STRK tokens), equivalent to 3.30% of its supply.
Similarly, ApeCoin will unlock $11.42 million worth of tokens (15.60 million APE tokens), representing 2.31% of the total supply. In the case of Cardano, $6.4 million worth of ADA tokens (18.53 million) are set to be unlocked this week, injecting liquidity into the market and potentially influencing ADA’s price movement.
Linear Unlocks on the Horizon
Besides cliff unlock events, several projects will undergo linear unlocks this week. Worldcoin [WLD], Solana [SOL], Dogecoin [DOGE], and Sui [SUI] will witness a gradual release of tokens, influencing their market dynamics over time.
Worldcoin will experience the largest linear event of the week with $85 million worth of tokens (37.23 million) being unlocked. Solana follows closely behind, unlocking 524,000 tokens valued at nearly $80 million.