Token

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Celestia

<p>The crypto market is set for a major event in October, as several projects are preparing for major token unlocks. According to data from Token Unlocks, <a href="https://thecoinrise.com/expert-makes-bold-prediction-ahead-of-2025-bitcoin-bull-run-celestia-sui-and-etfswap-to-hit-10/" rel="noopener noreferrer nofollow">Celestia (TIA), Sui (SUI), and Aptos (APT) are among</a> the projects that will release nearly $1.3 billion worth of tokens.</p>
<h2 id="sui-leads-early-token-unlocks">Sui Leads Early Token Unlocks</h2>
<p>The first notable release comes from Sui, which will <a href="https://token.unlocks.app/sui" rel="noopener noreferrer nofollow">unlock</a> 64.19 million SUI tokens on October 1. These tokens, valued at $108 million, account for about 2.4% of the total circulating supply. The distribution will benefit early contributors, investors, and Mysten Labs Treasury.</p>
<p>Sui’s price <a href="https://www.coingecko.com/en/coins/sui" rel="noopener noreferrer nofollow">surged</a> nearly 8% leading up to the unlock, riding a 30-day gain of 110%. Analysts attribute this growth to the launch of Grayscale’s Sui Trust and Circle’s upcoming USDC integration with Sui’s ecosystem.</p>
<h2 id="aptos-and-celestia-set-for-larger-unlocks">Aptos and Celestia Set for Larger Unlocks</h2>
<p>On October 11, Aptos (APT) will <a href="https://token.unlocks.app/aptos" rel="noopener noreferrer nofollow">release</a> 11.3 million tokens, accounting for 2.2% of its circulating supply. At current prices, this represents a $91 million distribution to the foundation, community, and early investors. However, Aptos has <a href="https://www.coingecko.com/en/coins/aptos" rel="noopener noreferrer nofollow">faced</a> market volatility, with its price dropping to $7.9 after hitting a high of $8.5 just days ago.</p>
<p>The largest token unlock in October will come from Celestia (TIA), with 175.56 million tokens set to hit the market on October 30. This release will account for a massive 82% of its circulating supply, distributed to early backers and investors.</p>
<p>Recently, Celestia raised $100 million in a funding round led by Bain Capital Crypto, boosting the project’s total funding to $155 million. Following this announcement, TIA’s price spiked 14%, settling at around $6.</p>
<p>Apart from these major releases, smaller token unlocks from projects like Immutable and Arbitrum are also <a href="https://thecoinrise.com/crypto-expert-reveals-altcoins-that-can-turn-1000-into-100000-in-october-2024-2/" rel="noopener noreferrer nofollow">scheduled for October</a>. Overall, the crypto market is expected to see over $3 billion in new tokens entering circulation, a development that could impact market dynamics. Token Unlocks has cautioned investors to stay informed and avoid FOMO during what they are calling “Uptober.”</p>
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    <p>As market participants brace for this influx, volatility may increase, and some tokens may see pressure on their prices.</p>
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<p>The post <a href="https://thecoinrise.com/crypto-market-braces-for-1-3-billion-token-unlocks-in-october/" rel="noopener noreferrer nofollow">Crypto Market Braces for $1.3 Billion Token Unlocks in October</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.</p>

Crypto Market Braces for $1.3 Billion Token Unlocks in October

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