Significant Token Unlocks Scheduled For Next Week

According to PANews, several major cryptocurrencies are set to undergo significant token unlocks next week. These events will release substantial amounts of tokens into circulation, potentially impacting their market dynamics. The details of the upcoming unlocks are as follows: Arbitrum (ARB) will unlock approximately 92.65 million tokens on October 16 at 9:00 PM (UTC+8), representing 2.56% of its current circulating supply, valued at around $49.4 million. Axie Infinity (AXS) is scheduled to unlock about 9.25 million tokens on October 14 at 9:10 PM (UTC+8), which is 6.08% of its circulating supply, worth approximately $43.1 million. Eigenlayer (EIGEN) will release around 11.22 million tokens on October 16 at 3:00 AM (UTC+8), accounting for 6.01% of its circulating supply, valued at about $43.9 million. Starknet (STRK) plans to unlock approximately 64 million tokens on October 15 at 8:00 AM (UTC+8), representing 3.30% of its circulating supply, with an estimated value of $26 million. Taiko (TAIKO) will unlock around 12 million tokens on October 14 at 8:00 AM (UTC+8), which is 14.99% of its circulating supply, valued at about $18.7 million. ApeCoin (APE) is set to release approximately 15.6 million tokens on October 17 at 8:30 PM (UTC+8), representing 2.31% of its circulating supply, worth around $11.2 million. Pixels (PIXEL) will unlock about 54.38 million tokens on October 19 at 6:00 PM (UTC+8), accounting for 7.05% of its circulating supply, valued at approximately $7.2 million. Cardano (ADA) is scheduled to unlock around 18.53 million tokens on October 17 at 8:00 AM (UTC+8), representing 0.05% of its circulating supply, worth about $6.5 million. Echelon Prime (PRIME) will release approximately 750,000 tokens on October 17 at 8:00 AM (UTC+8), which is 1.57% of its circulating supply, valued at around $6.1 million. Ethena (ENA) is set to unlock about 12.86 million tokens on October 16 at 3:00 PM (UTC+8), representing 0.47% of its circulating supply, worth approximately $4.4 million. Render (RENDER) will unlock around 490,000 tokens on October 14 at 8:00 AM (UTC+8), accounting for 0.13% of its circulating supply, valued at about $2.7 million. CYBER (CYBER) is scheduled to release approximately 890,000 tokens on October 14 at 4:00 PM (UTC+8), representing 3.81% of its circulating supply, worth around $2.6 million. Astar (ASTR) will unlock about 9.72 million tokens on October 17 at 8:00 AM (UTC+8), which is 0.13% of its circulating supply, valued at approximately $580,000. Nym (NYM) is set to release around 2.73 million tokens on October 15 at 8:00 AM (UTC+8), representing 0.34% of its circulating supply, worth about $200,000.