October Token Unlock Sets to Impact Notable Blockchain Projects

Key Points:

• Multiple blockchain projects, including Sui, ZetaChain, and Aptos, will unlock significant token amounts in October.
• The most notable October token unlock events include Taiko, releasing 15.70% of its supply and Celestia, with $1.05 billion representing 81.94% of its supply.

The first week of October is coming, let’s take a look at the upcoming notable October token unlocks.

Read more: Starkware Token Unlock Schedule Has Now Changed After Community Criticism

October Token Unlock List

Sui and ZetaChain to Unlock on October 1

Sui will unlock, on October 1, tokens valued at approximately $115.55 million, which represents 2.40% of its circulating supply. On the same day, ZetaChain will unlock tokens worth $38.59 million, a significant 13.43% of its circulating supply.

ImmutableX and Aptos Unlocks Follow

The next one up is ImmutableX, with an estimated token unlock worth about $58.78 million on October 4th, representing 2.02% of its total supply. Aptos, a Layer 1 blockchain project, is scheduled to unveil $92.17 mln worth of tokens on October 11th, which is 2.25% of its circulating supply.

Taiko and Axie Infinity Major Unlocks Due on October 14

Taiko will unlock 12 million tokens worth $23.40 million on October 14, which is a significant 15.70% of its supply. The token unlock is the second most valuable this month. Axie Infinity is set to unlock tokens worth $50.43 million on the same day, accounting for 6.14% of its circulating supply.

StarkNet, Arbitrum and ApeCoin Mid-October Unlocks

Starting with StarkNet, it intends to unlock tokens valued at $30.60 million on October 15, representing 3.60% of its supply. On October 16, the turn is for Arbitrum, which is going to unlock a value of $60.14 million worth of tokens, translating to 2.56% of the circulating supply. ApeCoin will unlock $13.04 m in tokens equivalent to 2.31% on October 17.

Celestia’s $1 Billion Token Unlock on October 30

The largest token unlock will occur on October 30, when Celestia is scheduled to unlock 175.56 million TIA tokens valued at approximately $1.05 billion. That will represent 81.94% of the token’s circulating supply.

The unlock will also lead to a daily emission of almost one million tokens for the next year. Recently, Celestia raised $100 million in funding spearheaded by Bain Capital Crypto.

What Next After October Token Unlock Events?

With so many blockchain projects about to change significant amounts of tokens, the October token unlock events could affect their circulating supplies and market dynamics. At the same time, investors would look to trade at lower prices, considering a belief that “Uptober” was always a boom period.