Next week, the cryptocurrency market will see the unlocking of over $200 million worth of tokens. These events can affect the prices of some cryptocurrencies, as when many tokens are released to the market, there can be an increase in supply. Among the most notable are Aptos (APT), which will unlock $103 million worth of tokens on October 11, and Eigenlayer (EIGEN), with $35.8 million worth of tokens on October 8.
Other notable unlocks include Neon (NEON), which will release 93.43% of its supply on October 7, and Cardano (ADA), which will unlock $6.5 million on the same day. Each of these moves can impact the value of the tokens, so it’s key to stay informed and follow these events closely.
For those new to cryptocurrencies, these unlocks are part of the cycle of releasing previously locked tokens. If you have investments in any of these coins, it is important to observe how the market will react and if prices will fluctuate after the unlock. Keep an eye on these key dates!
