Usman Salis
● According to GandalfCrypto, who cited DeFiLlama data, more than $220 million worth of tokens will unlock this week. The biggest release happens October 23 when Toncoin (TON) drops roughly $80 million into circulation. Other significant unlocks include Avalanche ($33.9M), LayerZero ($39.6M), Celestia ($950K daily), Kaito ($8.7M), and Renzo ($3.6M). Markets could see increased volatility as early investors reassess their holdings.
● Large unlocks like these tend to create selling pressure. When early backers, founders, or VC funds suddenly get access to their tokens, many choose to cash out—at least partially. This is especially true for projects like TON and Avalanche, which have grown fast and attracted serious institutional money. Everyone's watching to see if those holders will dump.
● At $220 million combined, this represents one of the bigger liquidity events in recent months. History shows token unlocks often trigger short-term corrections as supply floods the market. But savvy traders watch these moments closely, looking for dips to buy once the dust settles. Gradual releases—like Celestia's daily $950K unlock—tend to cause less chaos than big one-time dumps.
● These unlocks highlight how tokenomics and vesting schedules continue shaping crypto liquidity. As projects mature, teams have to balance keeping long-term believers invested while avoiding supply shocks that tank prices. DeFiLlama's chart shows the heaviest concentration hits October 23–24, led by Toncoin's $80M and Avalanche's $33.9M releases.
Usman Salis
