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, R&D 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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Other projects such as Arbitrum, Axie Infinity, ImmutableX and Internet Computer, are also contributing to more token unlocks worth nearly $600 million.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.