Major Token Unlocks Next Week: APT, EIGEN, and NEON Set to Release $20

Upcoming Token Unlocks: What Investors Need to Know

As reported by PANews on October 6, significant token unlocks are set to take place next week, with various tokens totaling over $200 million in value. This article will break down the key details surrounding these important events and what they might mean for investors in the cryptocurrency market.

Major Token Unlocks Scheduled

The following tokens are poised to unlock substantial amounts:

Aptos (APT)

Aptos is scheduled to unlock approximately 11.31 million tokens on October 11 at 7:59 PM UTC, accounting for 2.25% of its current circulating supply. This unlock is valued at around $103 million.

Eigenlayer (EIGEN)

Next, Eigenlayer will unlock around 9.93 million tokens on October 8 at 7:00 PM UTC. This represents 5.32% of its circulating supply and holds a value of approximately $35.8 million.

Neon (NEON)

Neon will see the unlocking of around 53.91 million tokens on October 7 at 12:00 AM UTC, which is a staggering 93.43% of its current circulating supply, valued at $18.7 million.

Cardano (ADA)

Cardano's unlock event includes approximately 18.53 million tokens on October 7 at 12:00 AM UTC, accounting for 0.05% of its circulating supply and valued at about $6.5 million.

Xai (XAI)

Xai is set to unlock roughly 35.88 million tokens on October 9 at 9:30 AM UTC, representing 6.20% of its current circulating supply with a valuation of $7.2 million.

Mode (MODE)

Mode will unlock 500,000 tokens on October 7 at 12:00 AM UTC, accounting for 38.64% of its circulating supply, valued at approximately $5.6 million.

io.net (IO)

On October 11 at 12:00 PM UTC, io.net will release about 2.11 million tokens, corresponding to 2.22% of its current supply, valued at around $3.7 million.

Ethena (ENA)

Ethena will unlock approximately 12.86 million tokens on October 9 at 7:00 AM UTC, accounting for 0.47% of its circulating supply, valued at about $4 million.

Hashflow (HFT)

Hashflow is scheduled to unlock approximately 13.62 million tokens on October 7 at 12:00 AM UTC, accounting for 2.99% of the circulating supply, valued at around $2 million.

Moonbeam (GLMR)

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

Conclusion

These upcoming token unlocks present both opportunities and risks for investors in the cryptocurrency market. It is crucial for stakeholders to monitor these events closely to make informed decisions. For more insights and updates on cryptocurrency trends, stay tuned to our platform.

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