New data from tokenomics insights firm Token Unlocks shows that billions of dollars worth of crypto assets are expected to flow into the markets in October.
In a new thread on the social media platform X, the market information platform say which is expected to unlock $3.46 billion worth of digital assets next month, including modular blockchain Celestia (TIA), artificial intelligence token Worldcoin (WLD) and smart contract platform Solana (SOL).
“Uptober is just around the corner. Stay informed, not FOMO driven (fear of missing out).
With $3.46 billion in token unlocks planned for this month, it is essential to keep a close eye on the market. Key releases include: $1.12 billion TIA, $336.31 million WLD, $360.8 million SOL, [and] $1.65 billion in other tokens.”
According to the company factsThe biggest week in crypto in terms of token unlocks for the rest of the year will be between October 28 and November 3, when $1.854 billion in digital assets will be distributed to stakeholders.
Moreover, the data shows that a whopping $2.518 billion worth of digital assets will also be unlocked in the month of November.
Token Unlocks warns investors to keep an eye on how these new token distributions could impact the market.
“This significant influx of supply could impact the market, so it is critical to stay informed and adjust your strategy based on broader market dynamics.”
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
Follow us further X, Facebook And Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney
Credit : dailyhodl.com
