October 2024 Token Unlocks: Massive Crypto Releases You Can’t Miss!
Sui (SUI)
- Unlock Date: October 1
- Tokens: 64.19 million SUI ($108 million)
About SUI:
SUI is the governance and utility token of the Sui Network. It can be held, spent, sent, or staked. As the governance token, SUI holders can vote on and propose updates to the Sui protocol, such as fee distribution across users.
For the October Cliff Unlock, the following distributions will occur:
- Series A: 19.84 million SUI
- Series B: 19.32 million SUI
- Early Contributors: 10.34 million SUI
- Mysten Labs Treasury: 2.07 million SUI
- Community Reserve: 12.63 million SUI
Immutable (IMX)
- Unlock Date: October 4
- Tokens: 32.47 million IMX ($59.10 million)
About IMX:
IMX supports gas-free NFT minting and trading using zero-knowledge rollups on the Immutable platform, primarily catering to the web3 gaming space by ensuring secure and seamless integration. The IMX token functions as a utility token for governance, fee collection, and incentivizing contributors within the Immutable X ecosystem.
This month, the unlock event will release:
- 15.91 million IMX for Ecosystem Development
- 16.56 million IMX for Project Development
Aptos (APT)
- Unlock Date: October 11
- Tokens: 11.31 million APT ($96.25 million)
About APT:
The Aptos (APT) token is used for transaction and network fees, as well as governance within the Aptos ecosystem. It provides rewards for validator nodes and participants in various Aptos projects.
For October, the unlock will release:
- 1.33 million APT to the Foundation
- 3.21 million APT to the Community
- 3.96 million APT to Core Contributors
- 2.81 million APT to Investors
Arbitrum (ARB)
- Unlock Date: October 16
- Tokens: 92.65 million ARB ($61.90 million)
About ARB:
ARB is the utility token of the Arbitrum Network, used for transaction fees and governance. Token holders can participate in governance decisions, including fund allocation and Security Council elections.
The unlock event will distribute:
- 56.13 million ARB to the Team, Future Team, and Advisors
- 36.52 million ARB to Investors
Celestia (TIA)
- Unlock Date: October 30
- Tokens: 175.56 million TIA ($1.05 billion)
About TIA:
Celestia is a modular blockchain network designed to improve scalability by separating consensus, data availability, and execution functions. Developers can build customized, application-specific blockchains called rollups, leveraging Celestia's scalable data availability layer.
The TIA token is used for staking, transaction fees, validator rewards, and governance participation.
This month's cliff unlock will release:
- 65.01 million TIA to Early Backers from Series A & B
- 52.47 million TIA to Seed round Early Backers
- 58.08 million TIA to Initial Core Contributors