2024-09-29
The crypto market is gearing up for a
significant event in October with the release of nearly $2 billion worth of
tokens.
Leading this wave is Celestia (TIA),
which will unlock 175.75 million TIA tokens worth $1.1 billion on October 31.
Celestia’s tokens are allocated to
initial core contributors, research and development, and various investors1.
This event is expected to impact market liquidity and dynamics significantly.
Celestia aims to help developers launch
blockchains as easily as deploying smart contracts.
There are upcoming token unlocks for
several cryptocurrencies, including Sui (SUI), Solana (SOL), Worldcoin (WLD),
Immutable (IMX), and ZetaChain (ZETA). Here’s a brief summary:
Sui (SUI)
On October 1, 64.19 million SUI tokens
worth $95.65 million will be unlocked. This represents 2.40% of the circulating
supply.
Solana (SOL)
Between September 23 and 30, 524,030
SOL tokens worth $74.97 million will be unlocked, constituting 0.11% of the
circulating supply.
Worldcoin (WLD)
A linear unlock of 37.23 million tokens
from September 23 to 30, accounting for 8% of its circulating supply.
Immutable (IMX)
On October 4, 32.47 million IMX tokens
valued at $53.58 million will be unlocked, comprising 2% of its circulating
supply.
ZetaChain (ZETA)
On October 1, 53.89 million tokens (13%
of its circulating supply) will be released.
