October’s $3.9 Billion in Token Unlocks to Test Altcoin Market Sentiment
- Over $3.9 billion worth of tokens will be unlocked across major projects in October.
- Aster leads with a $503.58 million unlock on October 5, equal to 4% of its market cap.
- Analysts highlight a prolonged accumulation phase that could trigger a major breakout.
The crypto market faces more than $3.9 billion in token unlocks this October, according to CryptoRank.
Projects including Aster, Sui, Aptos, Arbitrum, and Zora will add hundreds of millions in supply to circulation. While token unlocks often increase sell pressure, analysts say the backdrop of prolonged accumulation and the start of Q4 could turn the narrative bullish for altcoins.
Related: Altcoin Season is Making a Comeback as Binance Altcoin Volume Share Hits ATH
Aster and Sui Lead Early October Unlocks
Leading the month’s schedule is Aster (ASTER), with $503.58 million in tokens becoming availab…
Read The Full Article October’s $3.9 Billion in Token Unlocks to Test Altcoin Market Sentiment On Coin Edition.
Read More
JUP Drops 78% With Recovery Signs Emerging From Key Support
Aster DEX Faces Rocky Start to October as Price Drops 15%
October’s $3.9 Billion in Token Unlocks to Test Altcoin Market Sentiment
- Over $3.9 billion worth of tokens will be unlocked across major projects in October.
- Aster leads with a $503.58 million unlock on October 5, equal to 4% of its market cap.
- Analysts highlight a prolonged accumulation phase that could trigger a major breakout.
The crypto market faces more than $3.9 billion in token unlocks this October, according to CryptoRank.
Projects including Aster, Sui, Aptos, Arbitrum, and Zora will add hundreds of millions in supply to circulation. While token unlocks often increase sell pressure, analysts say the backdrop of prolonged accumulation and the start of Q4 could turn the narrative bullish for altcoins.
Related: Altcoin Season is Making a Comeback as Binance Altcoin Volume Share Hits ATH
Aster and Sui Lead Early October Unlocks
Leading the month’s schedule is Aster (ASTER), with $503.58 million in tokens becoming availab…
Read The Full Article October’s $3.9 Billion in Token Unlocks to Test Altcoin Market Sentiment On Coin Edition.
Read More
JUP Drops 78% With Recovery Signs Emerging From Key Support