$200 mln token unlock this week: Arbitrum, Axie Infinity lead the pack

• Arbitrum leads the token unlock events this week with 96 million ARB tokens, worth $51 million, set to be released.
• Worldcoin will have the largest linear unlock, with 37.23 million WLD tokens valued at over $85 million.

October is shaping up to be a significant month for token unlock events, with more than $1 billion worth of tokens set to be released.

While some tokens have already been released, several major projects, including Arbitrum [ARB] and Cardano [ADA], are scheduled for this week. 

Arbitrum, Axie Infinity, Eigen lead

According to data from Token Unlocks, several major projects will witness significant unlocks in the coming days. 

Arbitrum leads the pack, set for the largest unlock this week. Approximately 96 million ARB tokens, valued at around $51 million, will be released, accounting for 2.65% of the total ARB supply.

This event could have a considerable impact on Arbitrum’s price and market dynamics.

Following Arbitrum, Axie Infinity [AXS] is scheduled to release 9.25 million AXS tokens worth over $43 million. These tokens represent 6.08% of the total AXS supply, making it one of the week’s most significant events. 

Next on the list is Eigenlayer [EIGEN], which will see the unlocking of 11.22 million tokens worth more than $40 million. These tokens make up 6.01% of the total supply, making it the third-largest event for the week.

Investors and traders will be closely watching the market impact of these new tokens entering circulation.

Other notable token unlock events to watch

In addition to the major Token unlocks mentioned above, several other projects are set to release this week. Starknet [STRK], ApeCoin [APE], and Cardano are among the top projects.

Starknet will release 64 million STRK tokens, valued at approximately $27.3 million, representing 3.30% of its supply.

Meanwhile, ApeCoin will unlock 15.60 million APE tokens, worth around $11.42 million, or 2.31% of the supply.

For Cardano, 18.53 million ADA tokens will be unlocked this week, valued at around $6.4 million.

While smaller than some other projects, the Cardano event is still significant, as it adds liquidity to the market and may affect ADA’s price movement.

Linear unlocks also scheduled

In addition to these cliff unlock events, several projects will experience linear unlocks this week.

Worldcoin [WLD], Solana [SOL], Dogecoin [DOGE], and Sui [SUI] will see tokens released gradually, impacting their market dynamics over time.

Worldcoin will see the release of 37.23 million tokens worth over $85 million, making it the largest linear event of the week. Solana was closely behind, with 524,000 tokens being unlocked, valued at nearly $80 million.