The crypto market is readying for massive crypto unlocks to be unfolded over this entire week. Particularly, Chainbase ($C), PumpFun ($PUMP), and Kernel ($KERNEL) are the earliest among token unlocks, taking place tomorrow. As the data from Phoenix Group discloses, the subsequent events include Starknet ($STRK), Sei ($SEI), Arbitrum ($ARB), STBL ($STBL), Aster ($ASTER), and zkSync ($ZK). The respective token unlocks denote millions of dollars in terms of value and have the potential to trigger significant volatility across notable DeFi ecosystems.
Chainbase ($C) Stands Earliest among Notable Token Unlocks of the Week
Chainbase ($C) is the top among the notable token unlocks of the week. In this respect, 5.80% of the project will be unlocked on the 14th of October. This takes into account 57.97 $C tokens, accounting for $6.93M in total. The next prominent token unlock is that of PumpFun ($PUMP), which is also scheduled for the 14th of this month. The token unlock will include 1.00% of the cumulative $PUMP supply, taking into account 10.00B $PUMP (nearly $42.91M).
Following that, Kernel ($KERNEL) will also conduct a notable token unlock of 4.07% of the total $KERNEL supply. This reportedly equals 40.75M $KERNEL tokens, accounting for a huge $7.04M in value. The next crucial name on the list is Starknet ($STRK), which is going to unlock 1.28% of its token supply on the 15th of October. This accounts for 127.60M $STRK tokens, up to $17.35M.
Subsequently, Sei ($SEI) is also going to conduct a token unlock of 0.95% of the cumulative supply. In this respect, on October 15, 95.15M $SEI tokens will be unlocked, equaling $22.13M. Additionally, Arbitrum ($ARB) will unlock 92.63M $ARB ($31.57M) on the 16th of October, denoting $31.57M cumulative value.
zkSync ($ZK) Comes Last on List with 0.83% of Supply Scheduled for Unlock
Moving on, Phoenix Group’s list of this week’s major token unlocks adds STBL ($STBL). The project will unlock approximately 2.31% of the token supply thereof on October 16, underscoring 231.25M $STBL ($32.28M). Apart from that, on October 17, Aster ($ASTER) will unlock 78.41M $ASTER ($119.96M), denoting 0.98% of the overall token supply. Ultimately, on the 19t of October, zkSync ($ZK) will unlock 0.83% of the entire $ZK supply, equaling 173.41M $ZK (almost $7.18M).
