I organized the unlocks of large-cap tokens for October,
along with the flow of unlocks and trading strategies, recommended for saving.
October 1: $SUI
Unlock scale: 44 million SUI (approximately $145 million)
Main flow: Series B investors, community reserves, early contributors
A large unlock at the beginning of the month, focus on observing whether the project party/investor addresses make large transfers to exchanges.
Prices usually come under pressure before and after the unlock, but if the market can effectively absorb this selling pressure, prices often rebound.
October 1: $EIGEN (EigenLayer)
Unlock scale: 36.82 million EIGEN (approximately $65-69 million)
Main flow: Investors, early contributors
Due to the main flow being early investors, the short-term outlook is bearish. It is necessary to pay attention to whether the protocol's own fundamental progress can offset this selling pressure.
October 2: $ENA (Ethena)
Unlock scale: 40.63 million ENA (approximately $14-15 million)
Main flow: All allocated to the foundation
The foundation's share is usually used for market making or ecological incentives, so the probability of direct dumping is low; just be cautious of any large, concentrated transfers to exchanges.
October 3: $IMX
Unlock scale: 24.5 million IMX
Main flow: Ecology and project development
A fixed unlock every 28 days, the market has already anticipated this, and with positive ecological announcements before and after the unlock, prices usually do not face significant impact.
October 11: $APT (Aptos)
Unlock scale: Approximately 11.3 million APT
Main flow: Foundation, community, core contributors, investors
A typical monthly linear unlock, the usual operation is to appropriately reduce positions or hedge about a week before the unlock and observe on-chain address movements.
October 15: $STRK (Starknet) & $SEI
$STRK unlock scale: Approximately 127 million STRK, flowing to early contributors and investors.
$SEI unlock scale: 55.56 million SEI, flowing to ecology, team, investors.
Both are long-term, regular monthly releases, and the market has anticipated this.
October 16: $ARB (Arbitrum)
Unlock scale: Approximately 93.65 million ARB
Main flow: Team/advisors, investors
A fixed monthly unlock for the L2 leader, for investors optimistic about the L2 track but worried about the impact of ARB unlocks, consider hedging risks with paired trades in the same track, for example, going long on OP while shorting ARB.
October 18: $ONDO
Unlock scale: Approximately 184.5 million ONDO (approximately $170-180 million level)
Main flow: Ecology and development quotas
As a hot project in the RWA track, this unlock amount is huge, closely monitor whether its foundation/multi-signature address has large transfers to exchanges, and observe the secondary market's liquidity absorption capacity; going all in on ONDO is no longer a wise choice.
As we just entered October, two major assets have already started to move, and it will take some time to penetrate the altcoin market.
For now, here are some tokens and certain positive factors to pay attention to:
[ $SOL, $XRP, $LTC] SEC ETF's month of intensive resolutions: Due to the impact of the new general listing standards, exchanges can list new crypto ETFs under unified rules, which will lead to a batch listing event (primarily focused on $SOL).
Many media outlets and analysts have referred to October as ETF month, with expectations for the $SOL ETF around October 10 and the $XRP ETF in mid-October.
[ $OP, $ZORA] The OP Stack network-wide upgrade began activation on October 2, with Base executing in the window of October 7-8. The main improvements are in performance and interoperability across the OP ecosystem, benefiting applications on chains like OP, Base, Zora, and Mode.
[ $AAVE] The Aave V4 mainnet release is imminent, with the roadmap and governance post indicating a Q4 launch target, and its architectural upgrade will enhance capital efficiency.
[ $SNX] Synthetix's first Ethereum mainnet Perps DEX has been announced by official media to launch on the mainnet in Q4, bringing perpetual contracts directly to Ethereum L1, which is a clear catalyst for market makers and fee returns.
[ $IMX, $MATIC] Polygon × Immutable game center launch: Both parties announced a new cross-chain game center that will integrate AggLayer, primarily aimed at content distribution and user conversion within the IMX/MATIC ecosystem.
[ $MORPHO ] Morpho has released Vaults V2 on the Ethereum mainnet: Vaults V2 is a new open-source asset management standard, and the product iteration upgrade is beneficial for consolidating its position in the lending and yield aggregation space, attracting more assets.
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