Key Takeaways
- Worldcoin (WLD, Solana (SOL), Axie Infinity (AXS), and Arbitrum (ARB) will unlock over $200 million worth of tokens combined.
- Linear unlocks distribute tokens gradually over a pre-set time; cliff unlocks happen immediately.
- Depending on the token and market condition, token unlocks can unleash significant selling pressure.
Over the next seven days, roughly half a billion in token unlocks will flood the market, potentially adding selling pressure to crypto markets.
Upcoming Linear Unlocks
According to TokenUnlock data, the following altcoin unlocks will be gradually released into the markets through linear unlocks between Oct. 14 and Oct. 21.
Firstly, Worldcoin (WLD) will be the largest linear unlock of the week as it drops 37.23 WLD (7% of the circulating supply), worth roughly $86 million. Furthermore, Solana (SOL) will unlock 524,030 SOL (0.11% of circulating supply), valued at just over $80 million.
Bittensor (TAO) will unlock 50,400 TAO tokens (0.68% of the circulating supply) worth $31.6 million over the coming week. Also, Avalanche (AVAX) is scheduled to unlock 700,000 tokens (0.17% of the circulating supply) worth around $20 million.
Other linear unlocks include:
- Sei (SEI) 32.2 million (1% of circ. supply) – $16.8 million
- NEAR Protocol (NEAR) 2.97 million (0.24% of circ. supply) – $14.4 million
- Polkadot (DOT) 2.81 million (0.3% of circ. supply) – $12 million
- Dogecoin (DOGE) 94.47 million (0.06% of circ. supply) – $10.6 million
- Sui (SUI) 4.59 million SUI (0.17% of circ. supply) – $10.2 million
- Filecoin (FIL) 2.24 million (0.38% of circ. supply) – $8.2 million
- Beam (BEAM) 495.14 million (0.96% of circ. supply) – $7.9 million
Upcoming Cliff unlocks
As per TokenUnlocks data, the following tokens will be immediately dropped into the markets via cliff unlocks from Oct. 14 to Oct. 21.
Arbitrum (ARB) will unlock 96 million (2.65% of the circulating supply) worth approximately $52 million, making it the biggest cliff unlock of the week. Additionally, Web3 gaming’s first “big hit,” Axie Infinity (AXS), will be unlocking 9.25 million AXS tokens (6.08% of the circulating supply) worth around $44.3 million.
EigenLayer (EIGEN) has 11.22 million (6.01% of the circulating supply) worth $40.25 million set to be unlocked. Additionally, Starknet (STRK) will drop 64 million STRK (3.3% of the circulating supply) tokens worth $27.85 million on the market.
Other cliff unlocks include:
- ApeCoin (APE) 15.6 million (2.31% of circ. supply) – $11.8 million.
- Pixels (PIXEL) 54.38 million (7.05% of circ. supply) – $7.8 million
- Cardano (ADA) 18.53 million (0.05% of circ. supply) – $6.5 million
- Echelon Prime (PRIME) 750,000 (1.57% of circ. supply) – $6.2 million
All in all, distributing millions of major altcoins across the market this week could result in some selling pressure on cryptocurrency markets, which have been looking a little more bullish than usual.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
