Major Crypto Token Unlocks Scheduled This Week
The cryptocurrency market will see token unlocks worth $3.14 billion from October 6 to October 13. These unlocks allow previously locked tokens to become available for trading or use. This event could impact prices and market activity.
Top Token Unlocks: Aethir, LINEA, and Aptos
- Aethir (ATH) leads with 1.37 billion tokens unlocking by October 12. These tokens are valued at $75.07 million. ATH is trading at $0.05466, down 15.76% in the past week, with a market cap of $667.52 million.
- LINEA will unlock 1.08 billion tokens worth $29.51 million on October 10. This adds 6.98% to its circulating supply.
- Aptos (APT) will release 11.31 million tokens valued at $60.17 million on October 11. This increases its circulating supply by 1.61%. Aptos is trading at $5.36, up 26.17% in a week, with a market cap of $3.78 billion.
Other Notable Token Unlocks
- Movement (MOVE) will unlock 50 million tokens worth $5.74 million on October 9. MOVE trades at $0.1153 with a $317.32 million market cap.
- HOME will release 261.21 million tokens valued at $7.76 million on October 10.
- Babylon (BABY) will unlock 321.60 million tokens worth $17.34 million on October 10. BABY trades at $0.05286 with a $141.47 million market cap.
- Bounce Bit (BB) will release 44.32 million tokens valued at $8.69 million on October 10.
- io.net (IO) will unlock 13.96 million tokens worth $7.86 million on October 11.
Recent SUI Token Unlock
On October 1, SUI unlocked 44 million tokens valued at $143.42 million. SUI currently trades at $3.64, with a market cap of $13.2 billion and a daily trading volume of $1.05 billion.
Market Impact of Token Unlocks
Token unlocks are common in crypto projects. They support team members, advisors, and early investors over time. This process helps secure long-term project interests by preventing sudden token dumps.
Unlocks can influence prices. If many holders sell their tokens, prices may fall. If demand is strong, prices could rise.
