$220 Million Unlocking of ARB and AXS Tokens Next Week

Upcoming Token Unlocks: What You Need to Know

According to recent reports from BlockBeats and data from Token Unlocks, several cryptocurrencies are set to experience significant token unlocks next week, with an estimated total value of around $220 million. This article will cover the specifics of these unlocks and their potential impact.

Token Unlock Schedule

The following tokens are expected to unlock a considerable amount of their circulating supply:

• Arbitrum (ARB):
  • Unlock Amount: Approximately 92.65 million tokens
  • Date & Time: 1:00 PM UTC on October 16
  • Percentage of Current Supply: 2.56%
  • Value: Approximately $49.4 million
• Axie Infinity (AXS):
  • Unlock Amount: Approximately 9.25 million tokens
  • Date & Time: 1:10 PM UTC on October 14
  • Percentage of Current Supply: 6.08%
  • Value: Approximately $43.1 million
• Eigenlayer (EIGEN):
  • Unlock Amount: Approximately 11.22 million tokens
  • Date & Time: 7:00 PM UTC on October 15
  • Percentage of Current Supply: 6.01%
  • Value: Approximately $43.9 million
• Starknet (STRK):
  • Unlock Amount: Approximately 64 million tokens
  • Date & Time: 12:00 AM UTC on October 15
  • Percentage of Current Supply: 3.30%
  • Value: Approximately $26 million
• Taiko (TAIKO):
  • Unlock Amount: Approximately 12 million tokens
  • Date & Time: 12:00 AM UTC on October 14
  • Percentage of Current Supply: 14.99%
  • Value: Approximately $18.7 million

Implications of Token Unlocks

Token unlocks can have various implications for the cryptocurrency market, including changes in supply dynamics, potential price fluctuations, and implications for investors and holders of these tokens. It’s essential for investors to keep an eye on these unlock dates and consider their potential effects on market sentiment and token valuation.

Conclusion

The upcoming token unlocks for ARB, AXS, EIGEN, STRK, and TAIKO represent a significant event in the crypto market, with a total value approaching $220 million. As these unlocks occur, market participants should remain vigilant in monitoring how these changes impact token prices and demand.

For more details on the crypto market and analysis of token trends, check out our latest articles.