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Cardano and Solana Set to Witness Large Token Unlocks in October

Author: Content Editor
In early October, both Cardano (ADA) and Solana (SOL) are set to have token unlocks, which has garnered attention from the market. Cardano will unlock 37.06 million tokens (0.10% of circulating supply) valued at $14.34 million, while Solana will unlock 524.03 million tokens (0.11% of supply) valued at $81.56 million. These unlocks are not expected to have a major impact on price volatility. The Solana ecosystem has had previous token unlock events and will continue to have annual unlocks until 2027 as part of its growth strategy. Transparency concerns have been raised regarding Solana Foundation and early investors' token holdings. In contrast, Cardano has a more conservative tokenomics model with less frequent and smaller unlock events. Other cryptocurrencies like Aptos (APT), Immutable X (IMX), Sui (SUI), Avalanche (AVAX), DYDX, Mode, and NEAR Protocol (NEAR) are also undergoing token unlocks in early October.

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