• Celestia is about to unlock $1.06 billion worth of TIA tokens. 
• Between October 28th and November 3rd, over $1.4 billion in crypto will hit the market.
• IMX, MEME, ZETA, SUI, and OP will also see token unlockings.

A massive $1.4 billion worth of cryptocurrencies will soon be unlocked, potentially impacting the market. Unlocking events are often seen as bearish because they increase the supply of a cryptocurrency.

According to Tokenomist, the unlocking events for Celestia (TIA), Sui Network (SUI), Optimism (OP), Immutable (IMX), Memecoin (MEME), and ZetaChain (ZETA) will occur between October 28th and November 3rd.

Celestia has the largest token unlock, with $1.06 billion worth of TIA tokens (almost 80% of the circulating supply) entering the market. TIA is down 3.58% in the past 24 hours, trading at $5.94. It has fallen 6.51% in the past 30 days but is up 182.53% since October 2023.

Next in line are SUI, OP, and IMX unlocks. 2.3% of SUI’s circulating supply, worth $123.25 million, will be unlocked, followed by $53.91 million in OP tokens (2.5% of the circulating supply) and $46.76 million in IMX tokens (1.98% of the supply). SUI has risen 11.12% in th…

The post Crypto Market to See $1.4 Billion in Crypto Unlocks This Week: Impact on Prices? appeared first on Coin Edition.

• Celestia is about to unlock $1.06 billion worth of TIA tokens. 
• Between October 28th and November 3rd, over $1.4 billion in crypto will hit the market.
• IMX, MEME, ZETA, SUI, and OP will also see token unlockings.

A massive $1.4 billion worth of cryptocurrencies will soon be unlocked, potentially impacting the market. Unlocking events are often seen as bearish because they increase the supply of a cryptocurrency.

According to Tokenomist, the unlocking events for Celestia (TIA), Sui Network (SUI), Optimism (OP), Immutable (IMX), Memecoin (MEME), and ZetaChain (ZETA) will occur between October 28th and November 3rd.

Celestia has the largest token unlock, with $1.06 billion worth of TIA tokens (almost 80% of the circulating supply) entering the market. TIA is down 3.58% in the past 24 hours, trading at $5.94. It has fallen 6.51% in the past 30 days but is up 182.53% since October 2023.

Next in line are SUI, OP, and IMX unlocks. 2.3% of SUI’s circulating supply, worth $123.25 million, will be unlocked, followed by $53.91 million in OP tokens (2.5% of the circulating supply) and $46.76 million in IMX tokens (1.98% of the supply). SUI has risen 11.12% in th…

The post Crypto Market to See $1.4 Billion in Crypto Unlocks This Week: Impact on Prices? appeared first on Coin Edition.