October preview: Celestia set to unlock $1 billion in tokens alongside these projects

In the coming weeks of 'Uptober,' several prominent cryptocurrency projects are scheduled to unlock substantial portions of their token supply. Most significant among them is Celestia; its planned unlock is worth over $1 billion at current prices. 

Here's an overview of all the unlocks worth $10 million or more scheduled for the month of October, according to Token Unlocks data. 

Sui: October 1, $115.6 million

Sui, a Layer 1 blockchain platform, is scheduled to unlock tokens worth approximately $115.55 million on October 1. This accounts for about 2.40% of its circulating supply. 

ZetaChain: October 1, $38.6 million

ZetaChain will unlock tokens valued at around $38.59 million on October 1. This represents a substantial 13.43% of its circulating supply, making it one of the larger percentage unlocks in the near future.

ImmutableX: October 4, $58.8 million

ImmutableX, a scaling solution for NFTs on Ethereum, will unlock tokens worth approximately $58.78 million on October 4. This represents about 2.02% of its circulating supply. As a major player in the NFT space, this unlock could be significant for the broader NFT market.

Aptos: October 11, $92.2 million

Aptos, another Layer 1 blockchain project, is set to unlock tokens worth approximately $92.17 million on October 11. This represents about 2.25% of its circulating supply. Aptos, known for its connections to Facebook's former Libra project, continues to be a closely watched player in the blockchain space.

Taiko: October 14, $23.4 million

Taiko, an Ethereum-equivalent "based rollup," will unlock 12 million tokens worth about $23.40 million at current prices on October 14, representing 15.70% of its circulating supply. As a percentage, this is the second most significant token unlock scheduled for October.  

Axie Infinity: October 14, $50.4 million

Axie Infinity, a popular blockchain-based game, will unlock tokens worth $50.43 million at current prices on October 14. This represents 6.14% of its circulating supply. Back in June, the Norwegian government returned $5.7 million connected to the hack of the Ronin bridge associated with Axie Infinity. 

StarkNet: October 15, $30.6 million

StarkNet, an Ethereum Layer 2 scaling solution, will unlock tokens valued at around $30.60 million at current prices on October 15. This represents about 3.60% of its circulating supply. StarkNet has been working on enhancing its network capabilities and reducing transaction costs, recently hitting 500 TPS on mainnet. 

Arbitrum: October 16, $60.1 million

Arbitrum, another Ethereum Layer 2 scaling solution, will unlock tokens valued at around $60.14 million on October 16. This unlock represents about 2.56% of its circulating supply. Arbitrum has been gaining traction in the DeFi ecosystem, recently achieving significant milestones in trading volume.

ApeCoin: October 17, $13.0 million

ApeCoin, the token associated with the Bored Ape Yacht Club ecosystem, is scheduled to unlock tokens worth approximately $13.04 million on October 17. This accounts for about 2.31% of its circulating supply. 

Celestia: October 30, $1.1 billion

Celestia plans to unlock 175.56 million of its TIA tokens on October 30 at 1:59 pm UTC, a cache of tokens worth about $1.05 billion at current prices. The tokens represent 81.94% of the token's circulating supply. The unlock will also kick off a daily emission of 998,580 tokens per day for the next year, representing nearly $6 million in value every day at current prices. 

The Celestia Foundation recently raised $100 million in a round led by Bain Capital Crypto, The Block previously reported.