October is shaping up to be a brutal month for some major players. Over $2 billion worth of tokens is scheduled to unlock, potentially triggering a price dump for Celestia (TIA) and Arbitrum (ARB). But fear not, this red-hot presale of IntelMarkets (INTL), is shattering records and poised to become the hottest project of 2024. Let’s dive into further details!
Celestia’s $1.1 Billion TIA Token Unlock: A Game Changer or a Price Dump?
In October 2024, the crypto market will see the issuance of over $2 billion in tokens, with Celestia’s $1.1 billion TIA token being the highlight.
On October 31, the modular blockchain Celestia (TIA) network will release 175.75 million TIA tokens, according to DropsTab. The research and development teams, investors from earlier rounds, including Series A and B, and the original contributors to Celestia are allotted these tokens.
This release is an important milestone for Celestia (TIA), a network meant to make it easier to create blockchains that gained traction in late 2023. The price of the Celestia (TIA) peaked on February 10, 2024, at $20.91. But since then, the token’s value has decreased and is now trading at $5.59.
Due to the significant amount of tokens that Celestia (TIA) will be released into the market, the impending token unlock might cause a price dump. The price may fall even further as a result of this unexpected inflow, particularly if demand exceeds available supply.
The token unlock could speed up the negative trend and cause Celestia’s (TIA) market value to drop more significantly if investors lose faith in the project’s long-term prospects.
Will Arbitrum (ARB) Sink Further? Upcoming Unlock Raises Concerns
Arbitrum (ARB) has a potentially bearish outlook owing to its forthcoming token unlock in October, which may increase downward price pressure. ARB has already had a large influence from previous token unlocks, including a major release in March 2024, when 1.1 billion tokens worth more than $2 billion were unlocked. Following that, whales owning Arbitrum (ARB) shifted around $58 million worth of tokens onto exchanges, resulting in a 23.42% price decline.
The forthcoming October token unlock might increase selling pressure. With biweekly releases planned until 2027, 45% of ARB tokens are now unlocked. This means that the token unlock is a recurrent occurrence that may cause further price declines.
On October 16, Arbitrum (ARB) will unlock 92.65 million ARB tokens valued at $61.90 million. This major unlock accounts for 2.56% of Arbitrum’s (ARB) circulation supply.
Given these circumstances, it’s possible that Arbitrum’s (ARB) price may remain bearish after this new token unlock, particularly if whales and other investors opt to sell off their unlocked tokens.
IntelMarkets (INTL) Surges Past $760K: A Presale Phenomenon for 2024
The much-discussed AI cryptocurrency IntelMarkets (INTL) has been growing at a remarkable pace in its ongoing presale. With its most recent surge beyond $760,000 in presale funding, it easily outperformed the majority of newly launched initial coin offerings and established a strong argument for becoming the greatest presale of 2024.
Its integration of blockchain, DeFi, and AI technologies will create the first AI-powered smart trading platform in history. Thanks to enterprise-grade AI tools and AI-based solutions, traders will have an advantage in the cryptocurrency market.
It also provides self-learning robots, access to Inte-M multichannel analysis, and the freedom to choose between the Ethereum and Solana blockchains with its dual-chain model. Support from Nvidia, a global leader in AI computing, is another factor that has been propelling it ahead as a reliable project to invest in.
Read CRYPTONEWSLAND on
google news
After listing on significant CEXs, a token that costs only $0.012 in the second stage of presale has the potential to outperform well-known cryptocurrency projects in terms of profit rallies. It is predicted to reach $5 before the year ends and give up to 10,000% ROI to all of its early investors.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer and Risk Warning
This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.
