Celestia Leads October's Token Unlock Event, Distributing TIA Tokens Worth Over $1B

Several major projects will see substantial token releases, with Celestia [TIA] leading the way with a massive unlock worth over $1 billion.

October will mark the beginning of the year's final quarter and will also see several major projects undergoing substantial token releases.

Celestia [TIA] will lead the way with a massive unlock. As per Token Unlocks data, Celestia will have the largest token unlock event this month, set to take place on the 30th of September.

In total, 175.56 million TIA tokens will be unlocked, valued at approximately $1.06 billion. These tokens will be distributed to early backers, seed investors, and core contributors. At the time of writing, TIA was trading around $5.66, up by 2% after rebounding from an 8% decline in the previous trading session. TIA’s current market capitalization was $1.2 billion.

Kicking off October's unlock events, Sui [SUI] will be releasing 64.19 million SUI tokens on the 1st of October. These tokens are valued at approximately $150 million, accounting for 2.4% of the circulating supply.

As of this writing, SUI was trading around $1.86, up by 5%, continuing its bullish trend. Analysis of its moving averages indicated that a golden cross was imminent, further supporting its upward momentum.

Another major project with an upcoming token unlock is Aptos [APT]. On the 11th of October, 11.31 million APT tokens will be unlocked, valued at $91 million and representing 2.25% of its circulating supply.

As of this writing, APT was trading at $8.10, up by 6%, with strong bullish momentum. Its market capitalization was over $4.1 billion.

Other notable token unlocks in October include ZetaChain’s $38.59 million token unlock on the 1st of October, representing 13.43% of its circulating supply.

Moreover, tokens valued at $58.78 million get unlocked by Immutable X on the 4th of October, which accounted for 2.02% of its circulating supply.

Taiko will release 12 million tokens worth $23.40 million on the 14th of October, representing 15.7% of its circulating supply.

Later in the month, Axie Infinity [AXS], Starknet [STRK], Arbitrum [ARB], and ApeCoin [APE] are also scheduled to unlock tokens.

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