Crypto News– In the coming 30 days, a series of significant token unlock events is on the horizon. According to Token Unlocks, a platform dedicated to tracking tokenomics, October will witness token unlocks for Sui (SUI), Immutable (IMX), Aptos (APT), Apecoin (APE), Axie Infinity (AXS), and Optimism (OP), collectively surpassing a total value of $10 million.
Major Unlock Events in October: OP, AXS, and APT Take Center Stage
The first of these unlock events is scheduled for October 3, 2023, involving 34.62 million SUI tokens, with a total value estimated at $16.21 million. This release constitutes approximately 4.37% of SUI’s overall cryptocurrency supply.
A mere four days later, on October 7, 2023, 18.08 million IMX tokens are set to be unlocked, amounting to an estimated value of $10.71 million. This event represents roughly 1.55% of IMX’s current circulating supply.
Following this, the release of 4.54 million APT tokens and 25.6 million APE tokens is anticipated. The APT token unlock event is scheduled for October 12, 2023, with an estimated value of $24.94 million, making it the third-largest unlock event for the month. Subsequently, on October 17, 2023, 15.6 million APE tokens will become accessible.
Notably, AXS is poised for the most significant token unlock event in October. Token Unlocks data indicates that 15.13 million AXS tokens will be unleashed, equivalent to approximately 11.50% of the cryptocurrency’s current circulating supply. In terms of dollar value, this unlock event stands as the largest, with the released tokens valued at $69.58 million.
Last but certainly not least, OP has a token unlock event scheduled for October 30, 2023. This event will introduce 24.16 million tokens into the altcoin’s circulation, representing roughly 3.03% of OP’s current circulating supply. It is the second-largest unlock event for October, with a total value of $32.86 million.
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