Home web3.0 Billions of Dollars Worth of Crypto Assets Expected to Flood Markets in October: Token Unlocks

Billions of Dollars Worth of Crypto Assets Expected to Flood Markets in October: Token Unlocks

Oct 01, 2024 am 07:14 AM
Token Unlocks Crypto Assets altcoin markets

New data from tokenomics insights firm Token Unlocks reveals that billions of dollars worth of crypto assets are expected to pour into markets in October.

Billions of Dollars Worth of Crypto Assets Expected to Flood Markets in October: Token Unlocks

Billions of dollars in crypto assets are set to hit the markets in October, according to new data from tokenomics insights firm Token Unlocks.

In a thread on social media platform X, the market intelligence platform highlights that $3.46 billion in digital assets are scheduled to be unlocked next month, featuring modular blockchain Celestia (CELT), artificial intelligence token Worldcoin (WLD) and smart contract platform Solana (SOL).

“Uptober is just around the corner. Stay Informed, not FOMO-driven.

With $3.46 billion in token unlocks scheduled for the month, it’s crucial to keep an eye on the market. Key unlocks include: $1.12 billion TIA, $336.31 million WLD, $360.8 million SOL, [and] $1.65 billion of other tokens.”

According to the firm’s data, the biggest week in crypto this year in terms of token unlocks will be between October 28th and November 3rd when $1.854 billion in digital assets are distributed to stakeholders.

Moreover, the data shows that during the month of November, a massive $2.518 billion in digital assets are set to be unlocked as well.

Token Unlocks warns investors to keep an image out for how these fresh token distributions can impact the market.

“This significant influx of supply could impact the market, so staying informed and adjusting your strategy based on broader market dynamics is key.”

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