Axie Infinity, Optimism, and Aptos are gearing up for token releases in October, collectively injecting over $130M into the market.
October is gaining significance as several noteworthy projects, including Axie Infinity, Optimism, and Aptos, are gearing up for significant token releases.
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-earnThis 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 is also set to make a token unlock this month. On Oct. 30, 24.
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 currentlyat $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.
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