{"id":553777,"date":"2023-10-02T23:00:02","date_gmt":"2023-10-02T23:00:02","guid":{"rendered":"https:\/\/wncen.com\/?p=553777"},"modified":"2024-06-11T08:52:40","modified_gmt":"2024-06-11T08:52:40","slug":"200-million-crypto-unlocked","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/200-million-crypto-unlocked\/","title":{"rendered":"Brace For Impact As $200 Million In Crypto Is Being Unlocked In October"},"content":{"rendered":"

In a sudden turn of events for what is usually expected to be a bullish month for the crypto industry, a series of token unlocks set to take place this month is now threatening this bullish momentum. With around $200 million in various altcoins<\/a> expected to flood the open market, the current market rally may end up being short-lived.<\/p>\n

$200 Million In Crypto Being Unlocked<\/h2>\n

Token tracking website Token Unlocks has revealed<\/a> that around $200 million in various cryptocurrencies are being unlocked at various intervals through the course of this year. The tokens being unlocked range from SUI to Optimism<\/a> to Aptos\u2019s APT, among others.<\/p>\n

Related Reading: LINK Price Primed For Meteoric Rise: Analyst Predicts 130% Rally To $18<\/a><\/div>\n

A screenshot shared by Wu Blockchain on X (formerly Twitter) showed a list of tokens<\/a> expecting large crypto unlocks in October, as well as the percentage of supply they represent and their equivalent dollar value. The first on the list is SUI.<\/p>\n

SUI\u2019s<\/a> upcoming token unlock is by no means the largest on the list. But it is significant and will be the first to take place this month. Set to happen on October 3, 34.62 million SUI<\/a> tokens (4.37% of supply) worth $17.11 million will flow into the open market.<\/p>\n

Following this just a couple of days later on October 7 is the Immutable X (IMX)<\/a> token unlock. This unlock will see another 1.55% of the total supply (18.08 million tokens) worth $10.91 million unlocked. Aptos<\/a> follows five days later on October 12 with 4.54 million APT<\/a> tokens accounting for 1.91% of supply and worth $25.81 million.<\/p>\n

\"CryptoCrypto token unlocks for October | Source: X<\/a><\/pre>\n
ApeCoin\u2019s<\/a> unlock of 15.6 million tokens will then take place on October 17. This represents 4.23% of supply and is worth $19.50 million; the third-lowest of the bunch.<\/p>\n
The highest on the list in terms of dollar figures is the Axie Infinity<\/a> token unlock. This crypto unlock will happen toward the end of the month on October 20, with 15.13 million tokens representing 11.50% of the total AXS supply. The dollar value of these tokens is $71.24 million going by current prices.<\/p>\n
Related Reading: What Is Behind The 16% PEPE Price Recovery And Will It Continue?<\/a><\/div>\n
Last but not least, is another Optimism OP token unlock<\/a>. It is slated for October 30 and 24.16 million tokens, similar to previous unlocks, will be brought into circulation. This translates to 3.03% of supply with a dollar value of $35.03 million.<\/p>\n
In total, 31 crypto projects have scheduled token unlocks for the month of October. Other notable but smaller unlocks include DYDX\u2019s<\/a> $4.51 million unlock, CYBER\u2019s<\/a> $6.87 million unlock, FLOW\u2019s $3.44 million unlock, and Space ID\u2019s $3.98 million token unlock.<\/p>\n
\"Crypto<\/p>\n
Total market cap recovers to $1.095 trillion | Source: Crypto Total Market Cap on Tradingview.com<\/a><\/pre>\n
Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Forbes India, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
In a sudden turn of events for what is usually expected to be a bullish month for the crypto industry, a series of token unlocks set to take place this month is now threatening this bullish momentum. With around $200 million in various altcoins expected to flood the open market, the current market rally may end up being short-lived. $200 Million In Crypto Being Unlocked Token tracking website Token Unlocks has revealed that around $200 million in various cryptocurrencies are being unlocked at various intervals through the course of this year. The tokens being unlocked range from SUI to Optimism to Aptos\u2019s APT, among others. Related Reading: LINK Price Primed For Meteoric Rise: Analyst Predicts 130% Rally To $18 A screenshot shared by Wu Blockchain on X (formerly Twitter) showed a list of tokens expecting large crypto unlocks in October, as well as the percentage of supply they represent and their equivalent dollar value. The first on the list is SUI. SUI\u2019s upcoming token unlock is by no means the largest on the list. But it is significant and will be the first to take place this month. Set to happen on October 3, 34.62 million SUI tokens (4.37% of supply) worth $17.11 million will flow into the open market. Following this just a couple of days later on October 7 is the Immutable X (IMX) token unlock. This unlock will see another 1.55% of the total supply (18.08 million tokens) worth $10.91 million unlocked. Aptos follows five days later on October 12 with 4.54 million APT tokens accounting for 1.91% of supply and worth $25.81 million. Crypto token unlocks for October | Source: X ApeCoin\u2019s unlock of 15.6 million tokens will then take place on October 17. This represents 4.23% of supply and is worth $19.50 million; the third-lowest of the bunch. The highest on the list in terms of dollar figures is the Axie Infinity token unlock. This crypto unlock will happen toward the end of the month on October 20, with 15.13 million tokens representing 11.50% of the total AXS supply. The dollar value of these tokens is $71.24 million going by current prices. Related Reading: What Is Behind The 16% PEPE Price Recovery And Will It Continue? Last but not least, is another Optimism OP token unlock. It is slated for October 30 and 24.16 million tokens, similar to previous unlocks, will be brought into circulation. This translates to 3.03% of supply with a dollar value of $35.03 million. In total, 31 crypto projects have scheduled token unlocks for the month of October. Other notable but smaller unlocks include DYDX\u2019s $4.51 million unlock, CYBER\u2019s $6.87 million unlock, FLOW\u2019s $3.44 million unlock, and Space ID\u2019s $3.98 million token unlock. Total market cap recovers to $1.095 trillion | Source: Crypto Total Market Cap on Tradingview.com Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from Forbes India, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":553786,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83386,3],"tags":[85879,6664,14690,89546,9236,89545,89461,11738,87261],"class_list":["post-553777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-news","tag-ape","tag-crypto","tag-crypto-news","tag-crypto-token-unlocls","tag-crypto-tokens","tag-crypto-unlocks","tag-imx","tag-optimism","tag-sui"],"acf":[],"yoast_head":"\nBrace For Impact As $200 Million In Crypto Is Being Unlocked In 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Brace For Impact As $200 Million In Crypto Is Being Unlocked In October","url":"http:\/\/wncen.com\/news\/200-million-crypto-unlocked\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/200-million-crypto-unlocked\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Crypto-tokens-unlocked.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Crypto-tokens-unlocked.jpeg?fit=900%2C600"},"articleSection":"Crypto","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ape","crypto","crypto news","crypto token unlocls","crypto tokens","crypto unlocks","imx","optimism","sui"],"dateCreated":"2023-10-02T23:00:02Z","datePublished":"2023-10-02T23:00:02Z","dateModified":"2024-06-11T08:52:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Brace For Impact As $200 Million In Crypto Is Being Unlocked In October\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/200-million-crypto-unlocked\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/200-million-crypto-unlocked\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Crypto-tokens-unlocked.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Crypto-tokens-unlocked.jpeg?fit=900%2C600\"},\"articleSection\":\"Crypto\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ape\",\"crypto\",\"crypto news\",\"crypto token unlocls\",\"crypto tokens\",\"crypto unlocks\",\"imx\",\"optimism\",\"sui\"],\"dateCreated\":\"2023-10-02T23:00:02Z\",\"datePublished\":\"2023-10-02T23:00:02Z\",\"dateModified\":\"2024-06-11T08:52:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Crypto-tokens-unlocked.jpeg?fit=900%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=553777"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/553786"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=553777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=553777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=553777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}