Major Token Unlocks Next Week: APT, EIGEN, NEON Set for $200M Release

Upcoming Token Unlocks: A Comprehensive Overview

In the ever-evolving world of cryptocurrency, the process of token unlocking can significantly impact market performance and investor sentiment. According to a recent report by PANews on October 6, significant token unlocks are set to occur next week, totaling over $200 million. Here, we provide a detailed analysis of upcoming unlocks, focusing on key cryptocurrencies.

1. Aptos (APT)

Aptos (APT) is set to unlock approximately 11.31 million tokens on October 11 at 7:59 PM UTC. This release represents 2.25% of its current circulating supply, valued at around $103 million.

2. Eigenlayer (EIGEN)

Eigenlayer (EIGEN) will unlock approximately 9.93 million tokens on October 8 at 7:00 PM UTC, accounting for 5.32% of its circulating supply, worth about $35.8 million.

3. Neon (NEON)

Neon (NEON) is scheduled for a massive unlock of about 53.91 million tokens at 12:00 AM UTC on October 7. This unlock corresponds to an astounding 93.43% of its current supply, estimated to be valued at $18.7 million.

4. Cardano (ADA)

Cardano (ADA) will unlock around 18.53 million tokens also on October 7 at 12:00 AM UTC. This release is modest, making up only 0.05% of its circulating supply, valued at approximately $6.5 million.

5. Xai (XAI)

Xai (XAI) will unlock nearly 35.88 million tokens at 9:30 AM UTC on October 9. This unlock equals 6.20% of its current circulating supply, with a value estimated at $7.2 million.

6. Mode (MODE)

Mode (MODE) has a scheduled unlock of 500,000 tokens on October 7 at 12:00 AM UTC, which represents 38.64% of its supply, with a valuation of about $5.6 million.

7. io.net (IO)

io.net (IO) will unlock approximately 2.11 million tokens at 12:00 PM UTC on October 11, accounting for 2.22% of the circulating supply, valued at roughly $3.7 million.

8. Ethena (ENA)

Ethena (ENA) will unlock about 12.86 million tokens at 7:00 AM UTC on October 9, which translates into 0.47% of the circulating supply, valued at around $4 million.

9. Hashflow (HFT)

Hashflow (HFT) will release around 13.62 million tokens on October 7 at 12:00 AM UTC, comprising 2.99% of its circulating supply, valued at approximately $2 million.

10. Moonbeam (GLMR)

Lastly, Moonbeam (GLMR) will unlock approximately 3.04 million tokens at 12:00 AM UTC on October 11. This represents 0.34% of the current circulating supply, valued at about $500,000.

Conclusion

The upcoming token unlocks present both opportunities and risks for investors in the cryptocurrency markets. Keeping a close eye on these events is crucial, as they can influence market dynamics significantly.