New data from tokenomics insights firm Token Unlocks reveals that billions of dollars worth of crypto assets are expected to flow into the market in October.
In a new thread on social media platform Solana (SOL) said that it plans to do so.
“Uptober is just around the corner. Don't be FOMO-driven and stay informed.
With $3.46 billion scheduled for de-tokening this month, it is important to monitor the market closely. Key unlocks include TIA of $1.12 billion, WLD of $336.31 million, SOL of $360.8 million; [and] $1.65 billion in other tokens. ”
According to the company's data, the biggest week in the cryptocurrency industry in terms of token unlocks for the rest of the year will start on October 28, when $1.854 billion worth of digital assets will be distributed to stakeholders. It will be between November 3rd.
Moreover, the data shows that a staggering $2.518 billion worth of digital assets are also set to be unlocked during November.
Token Unlocks warns investors to be careful about how these new token distributions impact the market.
“This large influx of supply can impact the market, so it is important to stay informed and adjust your strategy based on broader market trends.”
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