Market's Resilience Tested as $446M Crypto Tokens Flood Circulation

The cryptocurrency market is bracing for a wave of token unlocks in the third week of October 2025, with over $446 million worth of tokens set to enter circulation. FastToken (FTN), Connex (CONX), and Arbitrum (ARB) are among the largest contributors to this liquidity event, each releasing significant portions of their token supply. Analysts warn that these unlocks could trigger short-term volatility, particularly if market demand fails to absorb the increased supply.

FastToken, the native token of the Bahamut blockchain, will unlock 20 million FTN on October 18, representing 2.04% of its circulating supply. Valued at $40.2 million, the tokens will be fully allocated to founders, raising concerns about potential sell pressure. The unlock comes as FTN's circulating supply stands at 433.3 million out of a 1 billion total, with the token powering the Fastex ecosystem, which bridges DeFi and real-world applications.

Connex, a Web3 professional network, will release 2.32 million CONX on October 15, valued at $32.4 million. This represents 2.32% of its total supply and will be distributed among the foundation, ecosystem, and treasury. The project's focus on decentralized governance and payments positions it as a key player in the Web3 collaboration space. However, the relatively small circulating supply (1.15 million CONX) means the unlock could amplify price swings if liquidity is insufficient.

Arbitrum, Ethereum's leading Layer-2 scaling solution, will unlock 92.65 million ARB on October 16, valued at $31.6 million. This accounts for 0.93% of its total supply and 1.99% of the current circulating supply. The tokens will be distributed to team members, advisors, and investors, with 56.13 million allocated to the team and 36.52 million to investors. Despite its large circulating supply (5.4 billion ARB), the unlock's impact could be mitigated by Arbitrum's robust ecosystem growth and ongoing partnerships.

The combined unlocks from FTN, CONX, and ARB represent a critical test for market resilience. According to Foresight News, the week will also see significant unlocks from deBridge (DBR) and Starknet (STRK), adding to the $446 million total. Token unlocks often act as stress tests for projects, with outcomes hinging on factors like investor sentiment, liquidity depth, and ecosystem demand.

For traders, the unlock period offers both risks and opportunities. While increased supply can drive short-term bearishness, strong fundamental growth or strategic partnerships could stabilize prices. Projects like Arbitrum, with its focus on Ethereum scalability, may see sustained demand, while smaller tokens like CONX could face sharper volatility.

As the crypto market navigates this unlock-heavy period, investors must closely monitor trading volumes, on-chain activity, and project-specific developments. The third week of October 2025 will likely see heightened volatility, particularly for tokens with large unlocks relative to their circulating supply. For now, the spotlight remains on FTN, CONX, and ARB, whose performance could set the tone for broader market sentiment.

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Source: [1] This is the Full Title of the First News Article (https://beincrypto.com/crypto-token-unlocks-in-the-third-week-of-october/)

[2] This is the Full Title of the Second News Article (https://www.gate.com/news/detail/14705807)

[3] Full Title of the Third Source Used (https://phemex.com/news/article/ftn-conx-and-arb-tokens-set-for-major-unlocking-events-next-week-25949)