On October 13, a report from COINOTAG highlighted significant upcoming token unlockings that could influence the crypto market. Next week, a total of approximately US$220 million worth of tokens, including Arbitrum (ARB) and Axie Infinity (AXS), are set to be released. Notably, at 9:00 PM Beijing time on October 16, around 92.65 million ARB tokens will be unlocked, representing 2.56% of its current circulation and valued at around US$49.4 million. Similarly, AXS will see approximately 9.25 million tokens unlocked at 9:10 PM on October 14, equating to 6.08% of its circulation and valued at about US$43.1 million. Additional unlocks include Eigenlayer (EIGEN) and Starknet (STRK), with each releasing significant amounts that bolster liquidity in their respective markets.
Source: https://en.coinotag.com/breakingnews/arbitrum-arb-set-to-unlock-92-65-million-tokens-worth-49-4-million-on-october-16/