October is a significant month for the crypto market, as several projects are set to release tokens worth more than $130 million. Axie Infinity will be the largest contributor, with 15.1 million AXS tokens, valued at $71.8 million, entering the market on October 20. The majority of these tokens will be allocated to the project’s team, with $28.9 million, followed by $16.3 million for staking rewards, $16 million for play-to-earn incentives, $8 million for an ecosystem fund, and $2.6 million for advisors. Optimism will also be releasing 24.2 million OP tokens, valued at $35.3 million, on October 30. Most of these tokens will be allocated to core contributors and investors. The token has demonstrated resilience following previous unlocks, with its price increasing by 8% after the unlocking on September 30. Aptos will be releasing 4.5 million APT tokens, valued at $26 million, on October 12. Most of these tokens will be allocated to the community, with $18.4 million, while $7.6 million will go to the Aptos Foundation. The token has seen significant growth since its token unlocks in September, with its price rising by over 7%. Other projects releasing tokens this month include ApeCoin ($19.7 million), Sui ($17.2 million), ImmutableX ($11 million), and dYdX ($4.5 million). In November, Avalanche is set to release $93.5 million of AVAX tokens.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	None
Companies	Optimism, Aptos, dYdX, Universal Pictures, PrimeXBT, Sui, Binance Futures, Avalanche, TokenUnlocks, Sushi, Aptos Labs, CoinGecko, Coinbase, ImmutableX, Axie Infinity, Petra, ApeCoin
Currencies	Optimism, Aptos, Avalanche, Bitcoin, Axie Infinity
Securities	None