The cryptocurrency market is bracing for a significant wave of token unlocks in the third week of October 2025, with over $446 million in tokens set to enter circulation. Among the most notable projects are
(ARB), FastToken (FTN), and Connex (CONX), which together account for nearly 90% of the total unlock value. These releases, tied to vesting agreements for teams, investors, and ecosystem funds, are expected to test market resilience and liquidity as they introduce fresh supply into already volatile markets [1].
FastToken (FTN) leads the charge with a $40.2 million unlock on October 18, representing 2.04% of its circulating supply. The tokens, allocated entirely to founders, will increase the total circulating supply from 433.3 million to 453.3 million FTN [1]. FastToken, a Layer-1 blockchain built on a Proof of Stake and Activity (PoSA) consensus, aims to bridge DeFi with real-world applications. However, analysts warn that the concentrated allocation to founders could exacerbate short-term selling pressure unless demand absorbs the new supply .
Connex (CONX) follows with a $32.4 million unlock on October 15, releasing 2.32 million tokens-2.32% of its total supply. The distribution includes 1 million CONX to the foundation, 822,500 to the ecosystem, and 500,000 to the community treasury [1]. Connex, a Web3 professional network, emphasizes transparency and fair value exchange. Despite its smaller market cap, the unlock's size relative to its circulating supply (1.15 million) raises concerns about potential price corrections .
Arbitrum (ARB) contributes $31.6 million to the unlock total on October 16, with 92.65 million tokens-0.93% of its 10 billion total supply. The tokens will be distributed to teams, advisors, and investors, with 56.13 million allocated to the team and 36.52 million to investors [1]. As a Layer-2 scaling solution for
, Arbitrum's unlock could face muted pressure due to its large existing liquidity pool. However, some traders remain cautious, noting that 1.99% of the current supply entering markets at once could trigger short-term volatility .Market analysts highlight the broader implications of these unlocks. While large token releases historically correlate with downward price pressure-particularly when exceeding 1% of circulating supply-sophisticated investors are increasingly prioritizing project fundamentals over short-term supply shocks [3]. Vincent Kadar, CEO of Polymath, noted in a recent analysis that the industry is maturing, with investors evaluating projects based on governance, adoption, and long-term incentives rather than immediate unlock impacts [4].
The third week of October also sees additional unlocks from projects like deBridge (DBR),
(STRK), and (SEI), contributing to a $446 million total. These events underscore the ongoing normalization of token distribution across blockchain ecosystems. While some market participants view unlocks as risks, others see them as opportunities for "buy the dip" strategies, particularly for projects with strong utility and growing ecosystems .As the crypto market navigates this unlock deluge, the coming weeks will serve as a litmus test for its ability to absorb large-scale supply increases without destabilizing. For now, traders are advised to monitor on-chain data, liquidity metrics, and project-specific developments to navigate the volatility .








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