Axie Infinity

Arbitrum

Starknet

EigenLayer

Taiko

Date: Sun, Oct 13, 2024, 02:00 PM GMTThe cryptocurrency market is seeing mixed trends, with Bitcoin (BTC) struggling to maintain stability below $66,000. As BTC’s fluctuations influence altcoin movements, a series of major token unlocks between October 14 and October 20 is catching investors’ attention. With over $214 million in tokens set to enter circulation, these unlocks could bring increased volatility to the market. Here’s a breakdown of the key events to watch.<h3 id="strong-major-token-unlocks-this-week-strong">Major Token Unlocks This Week</h3>1.Arbitrum (ARB) –Arbitrum, a layer-2 solution on Ethereum, will release 2.56% of its circulating supply, worth approximately $49.4 million, on October 16. ARB follows a staggered release strategy to reduce shocks to the market while maintaining liquidity. Investors will be watching closely to see how the market absorbs these new tokens.2.EigenLayer (EIGEN) –EIGEN will unlock 6.01% of its supply, totaling $43.9 million on October 15. This unlock represents an important milestone in EIGEN’s development roadmap. New token releases often cause price fluctuations, but EIGEN’s market response will reveal how much demand exists for these tokens.3.Axie Infinity (AXS) Axie Infinity will release 6.08% of its circulating supply (worth $43.1 million) on October 14. As one of the leading blockchain games in the NFT space, AXS&#39;s unlock may impact both its token price and in-game economy. With the gaming sector’s growing importance in crypto, this unlock will be closely monitored by investors and players alike.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/45c9b2af6ff84a5ab9983ee598d49443.jpeg" />Source: <a href="https://x.com/PANONYGroup/status/1845442866400940119" rel="noopener noreferrer nofollow">PANews (X)</a><h3 id="strong-other-token-unlocks-to-watch-strong">Other Token Unlocks to Watch</h3>Starknet (STRK) – $26M (3.30% of circulating supply) on October 15.Taiko (TAIKO) – $18.7M (14.99% of circulating supply) on October 14.<h3 id="strong-what-token-unlocks-mean-for-the-market-strong">What Token Unlocks Mean for the Market</h3>Token unlocks increase the circulating supply, which can lead to price drops if demand doesn’t keep up. However, with the market currently in a bullish phase, the new liquidity might be absorbed without triggering major sell-offs. Traders will need to stay alert, as any sudden movements could create both risks and opportunities.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.Also Read: <a href="https://coinsprobe.com/qubetics-transforms-asset-tokenization-while-cratd2c-experiences-market-fluctuations-and-bitcoin-cash-adapts/" rel="noopener noreferrer nofollow">Qubetics Transforms Asset Tokenization While CratD2C Experiences Market Fluctuations, and Bitcoin Cash Adapts.</a>

Big Token Unlocks Ahead: ARB, EIGEN, and AXS In The List Of Release Over $214M in Tokens

Table of Contents

CoinsProbe

Other articles published on Oct 13, 2024

Hot Weekend Episode 1: Update Round 3

Qubetics Crypto Presale Bringing RWA Tokenization Solutions Alongside LINK and Polygon

Could Qubetics Be the Top Crypto Presale in 2024? While Toncoin Surges and Arweave's Decentralize...

Here’s The New SUI Memecoin SEI, POL & DOT Investors Are Flocking To

6 Best Altcoins To Invest In Today, October 12 – Optimism, Celo, Render, Chromia

The Best Ways to Buy Bitcoin & Cryptocurrency in the EU (2024)

Join our free newsletter for daily crypto updates!