New data from tokenomics insights firm Token Unlocks reveals that billions of dollars worth of crypto assets are expected to pour into markets in October.
In a new thread on the social media platform X, the market intelligence platform says that $3.46 billion worth of digital assets are scheduled to be unlocked next month, including modular blockchain Celestia (TIA), artificial intelligence token Worldcoin (WLD) and smart contract platform Solana (SOL).
“Uptober is just around the corner. Stay Informed, not FOMO (fear of missing out)-driven.
With $3.46 billion in token unlocks scheduled for the month, it’s essential to keep a close eye on the market. Key unlocks include: $1.12 billion TIA, $336.31 million WLD, $360.8 million SOL, [and] $1.65 billion of other tokens.”
According to the firm’s data, the biggest week in crypto in terms of token unlocks for the rest of the year will be between October 28th and November 3rd when $1.854 billion worth of digital assets are distributed to stakeholders.
Furthermore, the data shows that during the month of November, a staggering $2.518 billion worth of digital assets are set to be unlocked as well.
Token Unlocks warns investors to keep an eye out for how these fresh token distributions can impact the market.
“This significant influx of supply could impact the market, so staying informed and adjusting your strategy based on broader market dynamics is key.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Follow us on X, Facebook and Telegram
Generated Image: Midjourney
Read the full article here