Bitcoin
Bitcoin (BTC)
$63,216.00 -2.23349
Bitcoin price
Ethereum
Ethereum (ETH)
$3,386.23 -1.01959
Ethereum price
BNB
BNB (BNB)
$564.56 -1.4642
BNB price
Solana
Solana (SOL)
$155.60 -0.65711
Solana price
XRP
XRP (XRP)
$0.5667990 -8.73762
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000170 -9.62713
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000113 -4.95576
Pepe price
Bonk
Bonk (BONK)
$0.0000259 -4.45847
Bonk price
Bitcoin
Bitcoin (BTC)
$63,216.00 -2.23349
Bitcoin price
Ethereum
Ethereum (ETH)
$3,386.23 -1.01959
Ethereum price
BNB
BNB (BNB)
$564.56 -1.4642
BNB price
Solana
Solana (SOL)
$155.60 -0.65711
Solana price
XRP
XRP (XRP)
$0.5667990 -8.73762
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000170 -9.62713
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000113 -4.95576
Pepe price
Bonk
Bonk (BONK)
$0.0000259 -4.45847
Bonk price
Bitcoin
Bitcoin (BTC)
$63,216.00 -2.23349
Bitcoin price
Ethereum
Ethereum (ETH)
$3,386.23 -1.01959
Ethereum price
BNB
BNB (BNB)
$564.56 -1.4642
BNB price
Solana
Solana (SOL)
$155.60 -0.65711
Solana price
XRP
XRP (XRP)
$0.5667990 -8.73762
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000170 -9.62713
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000113 -4.95576
Pepe price
Bonk
Bonk (BONK)
$0.0000259 -4.45847
Bonk price
Bitcoin
Bitcoin (BTC)
$63,216.00 -2.23349
Bitcoin price
Ethereum
Ethereum (ETH)
$3,386.23 -1.01959
Ethereum price
BNB
BNB (BNB)
$564.56 -1.4642
BNB price
Solana
Solana (SOL)
$155.60 -0.65711
Solana price
XRP
XRP (XRP)
$0.5667990 -8.73762
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000170 -9.62713
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000113 -4.95576
Pepe price
Bonk
Bonk (BONK)
$0.0000259 -4.45847
Bonk price

Over $200m worth of crypto will enter circulation in October

over-200m-worth-of-crypto-will-enter-circulation-in-october
Edited by
News
Over $200m worth of crypto will enter circulation in October

This month, about $200 million in crypto will be released into the market.

At least six large projects account for over 80% of the total, or $174 million, as reported by TokenUnlocks. This considerable surge could create a substantial shift in the market dynamics of these assets.

The so-called “token unlocks” process involves the distribution of previously restricted assets into the cryptocurrency landscape.

Leading the pack, Axie Infinity (AXS) aims to release a staggering 15.13 million tokens—about 11.5% of its circulating supply — roughly worth $71.2 million.

Another significant player, Optimism (OP) — an Ethereum (ETH) layer2 network — is set to unlock tokens worth $33.58 million on the last day of October.

The upcoming unlock could result in a liquidity surge or a sell-off, significantly influenced by the prevailing investor sentiment. The same applies to tokens like Optimism, currently priced at $1.36, which has remained relatively stable but could face new market pressure due to the upcoming unlock.

Meanwhile, ApeCoin (APE) will use its unlocked tokens to strengthen its treasury, planning to add approximately $19.3 million from the tokens to be unlocked this month.

Immutable X (IMX) tokens worth an estimated $10.71 million are scheduled for release on Oct. 7. This unlock could act as a lever for price movement, either raising due to increased trading activity or falling if investors decide to cash out.

The Sui (SUI) blockchain will also unlock over 34 million of its native tokens with a value of $16.21 million. On its part, Aptos (APT) will release 4.54 million tokens worth $24.94 million, representing just under 2% of its circulating supply.