- Celestia is at the forefront of token unlocks this October, introducing TIA tokens valued at $1.06 billion into the market.
- In October, both Sui and Aptos will unveil token unlocks worth $150 million and $91 million, respectively.
October promises to be a pivotal month for token unlocks, ushering in the last quarter of the year.
Several key projects are set to release significant amounts of tokens, with Celestia [TIA] leading with a staggering unlock exceeding $1 billion.
Celestia spearheads October’s token unlock initiative
As per insights from Token Unlocks, Celestia is gearing up for the largest token unlock event of the month on September 30th.
In total, 175.56 million TIA tokens will be released, valued at about $1.06 billion, which constitutes 81.86% of the circulating supply. These tokens will be allocated to early supporters, seed investors, and core team members.
At the time of this update, TIA is trading around $5.66, showing a 2% increase after recovering from an 8% drop in the prior trading session. The market capitalization of TIA stood at $1.2 billion at the time of writing.
Source: TradingView
Sui to release over 60 million tokens
Sui [SUI] is set to initiate October’s unlock events by distributing 64.19 million SUI tokens on October 1st. These tokens are valued at around $150 million and represent 2.4% of the circulating supply.
Additionally, at the time of this update, SUI was trading at approximately $1.86, up 5%, continuing its upward trend. Analysis of its moving averages suggests that a golden cross is approaching, reinforcing its bullish trajectory.
Source: TradingView
Aptos to unlock 11.31 million tokens
Aptos [APT] is also preparing for a significant token unlock, with 11.31 million APT tokens set for release on October 11th, valued at $91 million and accounting for 2.25% of its circulating supply.
As of this writing, APT was trading at $8.10, up by 6%, displaying strong bullish momentum. Its market capitalization was over $4.1 billion.
Source: TradingView
Other upcoming token unlocks
Additional notable token unlocks for October include ZetaChain’s $38.59 million unlock on October 1st, which corresponds to 13.43% of its circulating supply.
Immutable X will also unlock tokens valued at $58.78 million on October 4th, accounting for 2.02% of its circulating supply.
On October 14th, Taiko will release 12 million tokens worth $23.40 million, representing 15.7% of its circulating supply.
Tokens from Axie Infinity [AXS], Starknet [STRK], Arbitrum [ARB], and ApeCoin [APE] are anticipated to unlock later in the month.
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