October preview: Celestia set to unlock $1 billion in tokens alongside these projects
2024-09-30

In the coming weeks of 'Uptober,' several prominent cryptocurrency projects are scheduled to unlock substantial portions of their token supply. Most significant among them is Celestia; its planned unlock is worth over $1 billion at current prices. 
Here's an overview of all the unlocks worth $10 million or more scheduled for the month of October, according to Token Unlocks data. 
Sui: October 1, $115.6 million
Sui, a Layer 1 blockchain platform, is scheduled to unlock tokens worth approximately $115.55 million on October 1. This accounts for about 2.40% of its circulating supply. 
ZetaChain: October 1, $38.6 million
ZetaChain will unlock tokens valued at around $38.59 million on October 1. This represents a substantial 13.43% of its circulating supply, making it one of the larger percentage unlocks in the near future.
ImmutableX: October 4, $58.8 million
ImmutableX, a scaling solution for NFTs on Ethereum, will unlock tokens worth approximately $58.78 million on October 4. This represents about 2.02% of its circulating supply. As a major player in the NFT space, this unlock could be significant for the broader NFT market.
Aptos: October 11, $92.2 million
Aptos, another Layer 1 blockchain project, is set to unlock tokens worth approximately $92.17 million on October 11. This represents about 2.25% of its circulating supply. Aptos, known for its connections to Facebook's former Libra project, continues to be a closely watched player in the blockchain space.
Taiko: October 14, $23.4 million
Taiko, an Ethereum-equivalent "based rollup," will unlock 12 million tokens worth about $23.40 million at current prices on October 14, representing 15.70% of its circulating supply. As a percentage, this is the second most significant token unlock scheduled for October. 
Axie Infinity: October 14, $50.4 million
Axie Infinity, a popular blockchain-based game, will unlock tokens worth $50.43 million at current prices on October 14. This represents 6.14% of its circulating supply. Back in June, the Norwegian government returned $5.7 million connected to the hack of the Ronin bridge associated with Axie Infinity. 
StarkNet: October 15, $30.6 million
StarkNet, an Ethereum Layer 2 scaling solution, will unlock tokens valued at around $30.60 million at current prices on October 15. This represents about 3.60% of its circulating supply. StarkNet has been working on enhancing its network capabilities and reducing transaction costs, recently hitting 500 TPS on mainnet. 
Arbitrum: October 16, $60.1 million
Arbitrum, another Ethereum Layer 2 scaling solution, will unlock tokens valued at around $60.14 million on October 16. This unlock represents about 2.56% of its circulating supply. Arbitrum has been gaining traction in the DeFi ecosystem, recently achieving significant milestones in trading volume.
ApeCoin: October 17, $13.0 million
ApeCoin, the token associated with the Bored Ape Yacht Club ecosystem, is scheduled to unlock tokens worth approximately $13.04 million on October 17. This accounts for about 2.31% of its circulating supply. 
Celestia: October 30, $1.1 billion
Celestia plans to unlock 175.56 million of its TIA tokens on October 30 at 1:59 pm UTC, a cache of tokens worth about $1.05 billion at current prices. The tokens represent 81.94% of the token's circulating supply. The unlock will also kick off a daily emission of 998,580 tokens per day for the next year, representing nearly $6 million in value every day at current prices. 
The Celestia Foundation recently raised $100 million in a round led by Bain Capital Crypto, The Block previously reported. 
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