A series of sizable token unlock events are scheduled for top crypto projects over the next 30 days. According to tokenomics tracking platform Token Unlocks, October will see unlocks worth over $10 million for Sui (SUI), Immutable X (IMX), Aptos (APT), ApeCoin (APE), Axie Infinity (AXS), and Optimism (OP).
On October 3rd, 34.62 million SUI tokens will unlock, representing 4.37% of supply and valued at $16.21 million. On October 7th, 18.08 million IMX will unlock worth $10.71 million and 1.55% of supply.
Additional scheduled unlocks include 4.54 million APT on October 12th worth $24.94 million, and 25.6 million APE on October 17th.
The largest event is expected to be 15.13 million AXS on October 21st, accounting for 11.5% of supply and worth $69.58 million.
Finally, 24.16 million OP tokens will unlock on October 30th, making up 3.03% of supply at a value of $32.86 million.
These scheduled token releases allow early investors to access locked-up supply. The unlocks can impact trading activity and token prices depending on the percentages unlocked.
Crypto projects utilize locked periods and unlock schedules as a way to balance longer-term incentives with circulating supply. With over $10 million in value set to unlock in October across major projects, the scheduled releases will be closely watched.
