Major Unlocks for APT, EIGEN, and NEON Tokens Expected Next Week

Upcoming Token Unlock Events in the Cryptocurrency Market

According to a recent report from PANews on October 6, significant token unlock events are scheduled for the upcoming week. Data from Token Unlocks reveals that major cryptocurrencies such as Aptos (APT), Eigenlayer (EIGEN), and others will experience unlocks totaling over $200 million in value. This could create substantial movements in the market, making it crucial for investors and traders to stay informed.

Aptos (APT)

Aptos will unlock approximately 11.31 million tokens at 7:59 PM UTC on October 11. This unlock accounts for 2.25% of the current circulating supply and is valued at about $103 million.

Eigenlayer (EIGEN)

On October 8 at 7:00 PM UTC, Eigenlayer will unlock around 9.93 million tokens, representing 5.32% of its circulating supply. This unlock is estimated to be worth $35.8 million.

Neon (NEON)

Neon is set to unlock an impressive 53.91 million tokens at 12:00 AM UTC on October 7, which constitutes a staggering 93.43% of its circulating supply, bringing a value of $18.7 million.

Cardano (ADA)

Cardano will unlock 18.53 million tokens on October 7 at 12:00 AM UTC. This is a small percentage of 0.05% of its circulating supply, valued at approximately $6.5 million.

Xai (XAI)

Xai will unlock 35.88 million tokens at 9:30 AM UTC on October 9. This makes up 6.20% of the current circulating supply, holding a value of around $7.2 million.

Mode (MODE)

Mode will unlock a total of 500,000 tokens at 12:00 AM UTC on October 7, amounting to 38.64% of its circulating supply, valued at about $5.6 million.

io.net (IO)

On October 11 at 12:00 PM UTC, io.net will unlock approximately 2.11 million tokens, which is 2.22% of its circulating supply and valued at around $3.7 million.

Ethena (ENA)

Ethena is scheduled to unlock 12.86 million tokens at 7:00 AM UTC on October 9. This accounts for 0.47% of its current circulating supply, worth roughly $4 million.

Hashflow (HFT)

Hashflow will unlock approximately 13.62 million tokens at 12:00 AM UTC on October 7, which is 2.99% of its circulating supply, valued at about $2 million.

Moonbeam (GLMR)

Finally, Moonbeam will unlock about 3.04 million tokens on October 11 at 12:00 AM UTC. This represents 0.34% of its circulating supply with a value of approximately $500,000.

Implications of Token Unlocks

Token unlock events can lead to significant fluctuations in the price and market dynamics of the cryptocurrencies involved. Investors should watch these dates closely as they could present opportunities or risks in trading strategies. It remains essential to be well-informed about market trends to make the best decisions.

Note to Investors: Stay updated with further developments and analyses to navigate these potential changes effectively.