Here’s How Much APT, OP, AXS, APE, and Sui Will be Unlocked in October

October is gaining significance as several noteworthy projects, including Axie Infinity, Optimism, and Aptos, are gearing up for significant token releases.

The trio is set to release more than $130 million into the market collectively, with Axie Infinity having the largest increase in the circulating supply of its AXS token at 11.5%.

Axie Infinity’s AXS Token Unlock

Leading in token unlocks this month is Axie Infinity, a blockchain-based NFT game. According to TokenUnlocks data, the project is set to release 15.1 million AXS tokens on Oct. 20, representing 11.5% of its circulating supply, with an approximate value of $71.8 million.

The distribution of these tokens will primarily benefit the project’s team, receiving $28.9 million, followed by $16.3 million allocated to staking rewards, $16 million for play-to-earn incentives, $8 million earmarked for an ecosystem fund, and $2.6 million going to advisors.

This release comes after a previous unlock in July, which saw 3.4 million AXS tokens valued at $16.3 million enter the market. According to CoinGecko data, the price of AXS took a hit of almost 10% after the unlock.

Optimism and Aptos Join the Token Unlock Wave

Optimism is also set to make a token unlock this month. On Oct. 30, 24.2 million OP tokens, equivalent to 3% of its circulating supply, will be released, with a total value of $35.3 million. Of this amount, $18.6 million will be allocated to core contributors, and $16.7 million will go to investors.

The OP token has demonstrated resilience following previous unlocks. Following the unlocking on Sept. 30, the token’s price experienced an 8% increase, reaching $1.45. This defied the trend of a 12% decrease observed after its August unlock. The token’s positive performance is due to Optimism’s recent successful private token sale, which raised $162 million, and an upcoming $26 million airdrop.

Aptos will release 4.5 million APT tokens on Oct. 12, equivalent to 1.91% of its circulating supply and valued at approximately $26 million. The community will receive most of these tokens, with $18.4 million allocated, while $7.6 million will go to the Aptos Foundation.

Aptos has seen significant growth since its token unlocks in September, with the APT token’s price rising by over 7% in just one week. It currently trades at $5.66. Recent developments include the integration of Sushi decentralized exchange, Coinbase Pay added to the crypto wallet Petra, and the launching of a $1 million fund to support Aptos DeFi protocols.

Additionally, Aptos Labs partnered with Universal Pictures to offer a web3 fan experience for “The Exorcist: Believer.”

October will also see the release of tokens from other significant ventures, such as ApeCoin ($19.7 million), Sui ($17.2 million), ImmutableX ($11 million), and dYdX ($4.5 million). In November, Avalanche is gearing up for a token unlock. Approximately $93.5 million of AVAX tokens, equivalent to 2.7% of the circulating supply, will be released on Nov. 24.