Optimism

Aptos

EigenLayer

<p><strong>Date:</strong> Mon, Oct 07, 2024, 06:02 AM GMT</p><p>The cryptocurrency market is in the midst of a strong recovery after a shaky start to October, spurred by geopolitical tensions. Bitcoin (BTC) had briefly dropped to $60,000 but has since bounced back, trading above $63,000. This surge in BTC has helped ignite a <a href="https://coinsprobe.com/top-ai-tokens-tao-near-and-fet-bounce-back-with-strong-gains-whats-ahead/" rel="noopener noreferrer nofollow">rally </a>across major cryptocurrencies.</p><p>As market optimism builds, several major token unlocks are scheduled for this week (October 7 - October 13), putting Aptos (APT), EigenLayer (EIGEN), and Optimism (OP) in the spotlight.</p><h3 id="major-upcoming-token-unlocks">Major Upcoming Token Unlocks</h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/ceea86da564743bfb1508c2732cf9175.webp" />Source: PANNEWS</p><h3 id="1aptos-apt">1Aptos (APT):</h3><p><a href="https://coinsprobe.com/aptos-and-mantra-on-the-edge-of-a-major-rally-heres-what-to-watch/" rel="noopener noreferrer nofollow">Aptos </a>is preparing for a significant token unlock, releasing around 11.31 million APT tokens, worth approximately $103 million at current market prices. This event is scheduled for October 11 and will be one of the largest unlocks this week.</p><h3 id="2-eigenlayer-eigen">2.EigenLayer (EIGEN):</h3><p>EigenLayer is set to unlock approximately 9.93 million EIGEN tokens, valued at $35.8 million. This represents 5.32% of the circulating supply and will occur on October 9 at 3:00 AM UTC&#43;8. There&#39;s been a lot of speculation about how this unlock could impact EIGEN&#39;s price, with traders watching closely.</p><h3 id="3-optimism-op">3.Optimism (OP):</h3><p>Optimism is another notable token unlock happening this week, with 8 million OP tokens, valued at $20.08 million, set to be released on October 10. Optimism, a layer-2 scaling solution for Ethereum, has seen steady growth in adoption, and this unlock could influence its market trajectory.</p><h3 id="market-impact">Market Impact</h3><p>As the cryptocurrency market is rebounding, it will be intriguing to see how these token unlocks affect overall market dynamics. With over $200 million in tokens being unlocked across these three projects, investors should stay informed and monitor potential market reactions.</p><p><strong>Disclaimer:</strong> This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.</p><p><strong>Also Read: </strong><a href="https://coinsprobe.com/top-ai-tokens-tao-near-and-fet-bounce-back-with-strong-gains-whats-ahead/" rel="noopener noreferrer nofollow">Top AI Tokens TAO, NEAR, and FET Bounce Back with Strong Gains— What’s Ahead?</a></p>

This Week's $200M Token Unlock Event: APT, EIGEN, and OP in the Spotlight

Table of Contents

CoinsProbe

Other articles published on Oct 7, 2024

Is XRP Price Unstoppable After A Possible Acquittal?

Vitalik Buterin Highlights Charitable Actions of Memecoin Community

Avalanche Foundation Launches $40M Retro9000 Grant Program for L1 Developers

Bankruptcy judge approves FTX’s reorganization plan

HSI Disrupts 537 Ransomware Attacks and Seizes $4.3B in Cryptocurrency Since 2021

Solana Price Analysis: Can ADA Surge to $180 After Outperforming ETH?

Join our free newsletter for daily crypto updates!