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Over $134 Million in Crypto Token Unlocks Scheduled for Mid-October

Major projects including Fasttoken, Connex, and Arbitrum will release large volumes of tokens between October 13 and 18, according to Token Unlocks data.

ARB
SEI
CHEEL

Summary

Token Unlocks reports multiple high-value cryptocurrency releases scheduled for October 13–18. Fasttoken will unlock 20 million tokens worth about $40.2 million on October 18, Connex will release 2.32 million tokens valued at roughly $32 million on October 15, and Arbitrum will unlock 92.65 million tokens worth around $28.4 million on October 16. Additional unlocks from Cheelee, deBridge, Starknet, and Sei are set within the same period, with values between $11.5 million and $22.4 million.

Terms & Concepts
  • Token Unlock: The process by which previously locked or vested cryptocurrency tokens become available for trading or transfer.
  • Arbitrum (ARB): A layer-2 scaling solution for Ethereum that uses rollups to improve transaction speed and reduce costs.
  • Vesting Schedule: A timeline dictating when allocated tokens are released, often used to prevent market oversupply and align stakeholder incentives.