The post Find Out Top 5 Token Unlocks of October 2024 appeared on BitcoinEthereumNews.com.

The crypto market is gearing up for one of its biggest token unlock events in 2024, with over $3 billion worth of tokens set to be released in October.  BeInCrypto has highlighted the top three unlocks that will introduce a substantial influx of assets into the market. October Token Unlocks: What to Expect Data from TokenUnlocks indicates that approximately $1.6 billion of this month’s token unlocks are classified as cliff unlocks. In the context of token unlock events, cliff refers to tokens set to release on a schedule that’s more periodic than daily, such as weekly, monthly, or yearly. Cliff Unlocks in October. Source: token.unlocks Since token unlocks introduce previously unavailable tokens into circulation, investors and traders closely monitor these events because they affect the market environment. While some view these events as growth opportunities, they also carry the risk of increased selling pressure. “Uptober is just around the corner — Stay Informed, Not FOMO-Driven. With $3.46B in token unlocks scheduled for the month, it’s essential to keep a close eye on the market,” the Token Unlocks team wrote. This month’s most significant cliff token unlocks include Celestia (TIA), Sui (SUI), Immutable (IMX), Aptos (APT), and Arbitrum (ARB). Sui (SUI) On October 1, Sui will unlock 64.19 million tokens. These tokens, worth approximately $106 million, account for 2.40% of its circulating supply. The distribution of these tokens will be as follows: Series A: 19.84 million SUI ($32.93 million) Series B: 19.32 million SUI ($32.07 million) Early contributors: 10.34 million ($17.16 million) Mysten Labs treasury: 2.07 million SUI ($3.44 million) Community reserve: 12.63 million SUI ($20.96 million) Read more: Everything You Need to Know About the Sui Blockchain SUI Unlock. Source: token.unlocks Immutable (IMX) Following Sui, Immutable will release 32.47 million IMX tokens on October 4. These tokens, worth roughly $59.10…

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Filed under: News - @ September 29, 2024 4:24 pm