Token Unlock Event in October to Be Led by TIA and SUI in $1 Billion Deal

October’s token unlock event: TIA, SUI to lead $1 billion affair

As we approach October, the cryptocurrency community anticipates significant token unlock events, setting the tone for the final quarter of the year.

Among the prominent projects set for substantial token releases, Celestia [TIA] stands out as the forerunner, unveiling a staggering unlock surpassing $1 billion.

Celestia Takes the Lead in October’s Token Unlock Event

Reports from Token Unlocks project Celestia to host the most extensive token unlock event in October, slated for September 30th.

An impressive 175.56 million TIA tokens will be unleashed, valued at around $1.06 billion, equating to 81.86% of the total supply. These tokens will be allocated to early supporters, seed investors, and primary contributors.

At the time of publication, TIA is priced at approximately $5.66, indicating a 2% uptick following an 8% dip in the previous trading period. The current market capitalization for TIA stands at $1.2 billion.

SUI to Release Over 60 Million tokens

Sui [SUI] will initiate October’s unlock events by launching 64.19 million SUI tokens on October 1st, valued at around $150 million and representing 2.4% of the circulating supply.

At the moment, SUI is trading near $1.86, showcasing a 5% gain, sustaining its bullish trajectory. Technical analysis suggests a forthcoming golden cross, further boosting its upward movement.

Aptos Unlocks 11.31 Million Tokens

Another significant project, Aptos [APT], is primed for a token unlock on October 11th, releasing 11.31 million APT tokens valued at $91 million, which comprises 2.25% of the circulating supply.

Currently, APT is valued at $8.10, demonstrating a 6% increase, driven by robust bullish sentiment. Aptos boasts a market capitalization exceeding $4.1 billion.

Upcoming Token Unlocks

Additional noteworthy token unlocks scheduled for October include ZetaChain’s unveiling of $38.59 million worth of tokens on October 1st, representing 13.43% of the circulating supply.

Immutable X will unlock tokens valued at $58.78 million on October 4th, accounting for 2.02% of its circulating supply.

Taiko is set to unleash 12 million tokens valued at $23.40 million on October 14th, constituting 15.7% of its circulating supply.

Later in the month, Axie Infinity [AXS], Starknet [STRK], Arbitrum [ARB], and ApeCoin [APE] will follow suit with their token unlocks.

 

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