Will October’s Token Unlocks Boost Celestia and Other Major Projects?
Nearly $2 billion worth of tokens from major projects led by Celestia will be put into circulation in October, with the network unlocking 175.75 million TIAs worth $1.13 billion on Oct. 31.
The tokens will be distributed to core contributors, RD and investors.
Celestia , a modular data availability network, aims to simplify the blockchain startup. Its token price reached an all-time high of $20.85 in February 2023, but has since fallen to $6.4 as of Sept. 27.
Other major unlocks in October include Cheelee, which will launch $300 million worth of tokens on October 10, followed by Aptos with $90 million on October 12.
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Ethereum: New Wallet Addresses Decline Despite Price Surge – What’s Next?Other projects such as Arbitrum , Axie Infinity , ImmutableX and Internet Computer , are also contributing to more token unlocks worth nearly $600 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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