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Will October’s Token Unlocks Boost Celestia and Other Major Projects?

Will October’s Token Unlocks Boost Celestia and Other Major Projects?

Cryptodnes2024/09/27 16:27
By:Cryptodnes

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.

READ MORE:
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.

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