October 2024 will feature one of the largest token unlocks this year. Also ever heard of a ‘Cliff unlock’… read to know what it means…

5 biggest token unlocks in October…

SUI: October 1: SOL: This week: WLD: October 4: IMX: October 4: ZETA: October 1

In addition to these, Neon (NEON) & Taiko (TAIKO), Ronin (RON), Apecoin (APE), Moca (MOCA) will also unlock tokens this month

On October 12, 11.31 million APT (APT) tokens will be unlocked, for a total of approximately $90 million

October 15 will see an unlock of 12.56 million AXS (Axie Infinity), for about $66 million

October 16 will see the unlocking of 93.65 min ARB (Arbitrum) tokens for another $59 mn & Starknet (STRK) will unlock 63.99 mn tokens

October 20 will see an unlock of 15.50 million Polyhedra (ZKJ) tokens

On October 31, the last two major unlocks will occur, namely 24.16 mn OP (Optimism), for a total of about $45 mn & the unlock of 175.75 million TIA (Celestia) for about $1 bn😯

Of the approximately $3.5 bn abundant of tokens unlocked in October, almost half are made up of the 175.75 mn TIA

Also, $1.6 billion of this month’s token unlocks are classified as ‘cliff unlocks’

👉🏻In the context of token unlock events, cliff refers to tokens set to release on a schedule that’s more periodic than daily, such as weekly, monthly, or yearly.
October is often called “Uptober” in the crypto community due to the historical tendency for the market to experience upward price movements during that time.

While token unlocks can increase supply, which may lead to a short-term drop in prices, the market reaction often depends on various factors, including overall demand and market sentiment

You should closely monitor the timing of the unlocks & assess how the added liquidity could impact price movements.

You need to stay informed about the market & avoid making impulsive decisions based on FOMO (fear of missing out)

Diversification and risk management strategies are super helpful to navigate these kind of markets.

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