Token Unlocks data on Friday revealed that the crypto market is set to experience a supply hike of $200 million in cliff unlocks, with Aptos (APT) and Eigenlayer (EIGEN) leading the way.
The crypto market will witness token unlocks worth $200 million next week. APT and
will also release fresh tokens worth $19 million and $17 million, respectively, into circulation. Token Unlocks data on Friday revealed that the crypto market is set to experience a supply hike of $200 million in cliff unlocks, withAptos and Eigenlayer leading the way. APT and holding the highest share of unlock volumes. Cliff Unlocks October 7- 13 Cliff unlocks are events where crypto projects release vested tokens to investors, community members or advisors after a lockup period. The heightened supply from token unlocks frequently generates negative sentiment among investors, which can trigger significant sell-offs. APT will witness $93 million in unlocks, which may lead to a potential correction after its impressive performance in the past seven days.
to hackers. Eigenlayer has also been the subject of controversy after community members lamented that the team distributed $6 million worth of its tokens to VCs without any prior lockup. These reactions and the upcoming token unlock could negatively affect
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