ARB and AXS Tokens Set to Unlock $220 Million Next Week

Significant Token Unlocks Scheduled for Next Week

According to BlockBeats, a recent report from Token Unlocks reveals that several major cryptocurrencies will experience substantial token unlocks next week, amounting to an impressive total of approximately $220 million. This article will detail the specific tokens and their respective unlocks.

Overview of Upcoming Unlocks

The following tokens are scheduled for significant unlocks:

• Arbitrum (ARB): Unlock of 92.65 million tokens
• Axie Infinity (AXS): Unlock of 9.25 million tokens
• Eigenlayer (EIGEN): Unlock of 11.22 million tokens
• Starknet (STRK): Unlock of 64 million tokens
• Taiko (TAIKO): Unlock of 12 million tokens

Detailed Breakdown of Token Unlocks

Here’s the schedule and details on the specified token unlocks:

1. Arbitrum (ARB)

• Unlock Amount: 92.65 million tokens
• Unlock Date & Time: 1:00 PM UTC on October 16
• Percentage of Supply: 2.56%
• Value: Approximately $49.4 million

2. Axie Infinity (AXS)

• Unlock Amount: 9.25 million tokens
• Unlock Date & Time: 1:10 PM UTC on October 14
• Percentage of Supply: 6.08%
• Value: Approximately $43.1 million

3. Eigenlayer (EIGEN)

• Unlock Amount: 11.22 million tokens
• Unlock Date & Time: 7:00 PM UTC on October 15
• Percentage of Supply: 6.01%
• Value: Approximately $43.9 million

4. Starknet (STRK)

• Unlock Amount: 64 million tokens
• Unlock Date & Time: 12:00 AM UTC on October 15
• Percentage of Supply: 3.30%
• Value: Approximately $26 million

5. Taiko (TAIKO)

• Unlock Amount: 12 million tokens
• Unlock Date & Time: 12:00 AM UTC on October 14
• Percentage of Supply: 14.99%
• Value: Approximately $18.7 million

Conclusion

In summary, next week will see substantial token unlocks across several popular cryptocurrencies. Investors should remain informed about these developments, as they may impact market dynamics significantly.