Tokens Unlocking Next Week: APT, EIGEN, NEON, and More Totaling $200M

Upcoming Token Unlocks: A Look Ahead

As the cryptocurrency market continues to evolve, significant token unlock events are on the horizon. According to data from Token Unlocks reported by PANews on October 6, several tokens are set to unlock next week, amounting to over $200 million in total value. This article highlights key details regarding these major unlocks.

Major Token Unlock Events

• Aptos (APT): On October 11 at 7:59 PM UTC, approximately 11.31 million tokens will unlock, representing 2.25% of the circulating supply, valued at $103 million.
• Eigenlayer (EIGEN): On October 8 at 7:00 PM UTC, around 9.93 million tokens will unlock, accounting for 5.32% of the supply, valued at around $35.8 million.
• Neon (NEON): On October 7 at 12:00 AM UTC, a total of 53.91 million tokens will unlock, which is 93.43% of the circulating supply, valued at $18.7 million.
• Cardano (ADA): Unlocking 18.53 million tokens at 12:00 AM UTC on October 7, this represents 0.05% of the circulating supply, valued at $6.5 million.
• Xai (XAI): Approximately 35.88 million tokens will unlock on October 9 at 9:30 AM UTC, accounting for 6.20% of the supply, valued at $7.2 million.
• Mode (MODE): At 12:00 AM UTC on October 7, 500,000 tokens will unlock, which is 38.64% of the circulating supply, valued at $5.6 million.
• io.net (IO): On October 11 at 12:00 PM UTC, 2.11 million tokens will unlock, representing 2.22% of the supply, valued at $3.7 million.
• Ethena (ENA): 12.86 million tokens will unlock at 7:00 AM UTC on October 9, accounting for 0.47%, valued at $4 million.
• Hashflow (HFT): Set to unlock 13.62 million tokens at 12:00 AM UTC on October 7, representing 2.99% of the circulating supply, worth $2 million.
• Moonbeam (GLMR): Approximately 3.04 million tokens will unlock at 12:00 AM UTC on October 11, accounting for 0.34% of the circulating supply, valued at $500,000.

Understanding Token Unlocking

Token unlocking is an important event in the cryptocurrency sphere, often influencing market dynamics and investor sentiment. When tokens are released into circulation, it can impact the price and accessibility of that cryptocurrency.

Stay Updated

For those interested in the cryptocurrency market, keeping abreast of token unlocks, market news, and the latest trends is essential. Following reliable sources like Token Unlocks and financial news platforms can provide valuable insights.

Conclusion

With token unlock events exceeding $200 million across several prominent cryptocurrencies, investors and enthusiasts alike should carefully monitor these occurrences, as they can significantly shape the marketplace.