Immutable

Bitcoin

Axie Infinity

Optimism

<div class="cryptonews"> 
 <p class="is-style-lead">This month, about $200 million in crypto will be released into the market.</p> 
 <p class="is-style-default">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.</p> 
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    <p lang="en" dir="ltr">According to TokenUnlocks, large-amount unlocks (unlocked amount greater than 10 million US dollars) in October include SUI IMX APT APE AXS OP, etc., with an unlock value of over 174 million US dollars.https://t.co/tuQYnSlfTZ pic.twitter.com/vahteuJcRt</p>— Wu Blockchain (@WuBlockchain) October 1, 2023 
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 <p>The so-called “token unlocks” process involves the distribution of previously restricted assets into the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency landscape.</p> 
 <p>Leading the pack, Axie Infinity (AXS) aims to release a staggering 15.13 million tokens—about 11.5% of its circulating supply — roughly <a rel="noopener noreferrer nofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a> $71.2 million. </p> 
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 <p>Another significant player, Optimism (OP) — an Ethereum (ETH) layer2 network — is set to unlock tokens <a rel="noopener noreferrer nofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a> $33.58 million on the last day of October.</p> 
 <p>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.</p> 
 <p>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.</p> 
 <p>Immutable X (IMX) tokens <a rel="noopener noreferrer nofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a> 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.</p> 
 <p>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 <a rel="noopener noreferrer nofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a> $24.94 million, representing just under 2% of its circulating supply.</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/over-200m-worth-of-crypto-will-enter-circulation-in-october-tbt64758.html">https://thebittimes.com/over-200m-worth-of-crypto-will-enter-circulation-in-october-tbt64758.html</a></p>

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

TheBitTimes

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