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- ATH leads with 1.37B tokens unlocking, potentially impacting prices.
- LINEA and Aptos also see major releases this week.
- Market reaction depends on selling vs. buying pressure.
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The cryptocurrency market is set for a major shake-up as over $3 billion worth of digital tokens are scheduled to unlock from October 6 to October 13. These “Token unlocks” mark the release of previously locked digital assets, which could influence market trends and price movements for several major cryptocurrencies.
Aethir (ATH) Leads the Unlocks
Aethir (ATH) is at the forefront, with 1.37 billion tokens worth $75.07 million set to enter circulation by October 12. Currently trading at $0.05466, ATH has seen a 15.76% decline over the past week, with a market capitalization of $667.52 million. Investors are watching closely to see how the influx of tokens will impact ATH’s price.
LINEA and Aptos (APT) Join the Wave
Following ATH, LINEA is set to unlock 1.08 billion tokens worth $29.51 million on October 10, adding 6.98% to its circulating supply. Aptos (APT) will release 11.31 million tokens valued at $60.17 million on October 11, representing a 1.61% increase in its circulating supply. Aptos has experienced strong recent growth, with a 26.17% price rise over the last week, trading at $5.36 and boasting a $3.78 billion market cap.
Also Read: Worldcoin Rally: WLD Surges 117% – Could Altcoins Follow?
Other Significant Unlocks
Several other projects are also part of this week’s unlock schedule:
- Movement (MOVE): 50 million tokens worth $5.74 million on October 9.
- HOME: 261.21 million tokens worth $7.76 million on October 10.
- Babylon (BABY): 321.60 million tokens worth $17.34 million on October 10.
- Bounce Bit (BB): 44.32 million tokens worth $8.69 million on October 10.
- io.net (IO): 13.96 million tokens worth $7.86 million on October 11.
SUI also made headlines earlier this month, unlocking 44 million tokens worth $143.42 million on October 1, and currently trades at $3.64 with a $13.2 billion market cap.
Token unlocks are standard in crypto, designed to reward team members, early investors, and advisors while preventing sudden market dumps. However, these releases can influence prices. If large volumes are sold immediately, tokens may experience a bearish dip. Conversely, strong demand could drive bullish momentum. Traders and investors should monitor market reactions carefully as these unlocks unfold.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
