October could be a pivotal month for crypto investors, with nearly $3.9 billion worth of tokens scheduled for unlocks across several major projects. Token unlocks often create volatility in the market, as they increase circulating supply and can put pressure on prices if large holders decide to sell.
The largest release comes from Aster (ASTER), which will see $503.58 million worth of tokens unlocked on October 5, representing 4% of its total market cap. Given Aster’s recent surge in trading activity and speculation around a potential Binance listing, all eyes will be on how the market absorbs this new supply.
Sui (SUI) follows closely with a $180.40 million unlock on October 1, representing 0.57% of its market cap. Sui has been one of the most active Layer-1 networks in 2025, and this unlock could test its current momentum.
$3.9 Billion Worth of Tokens To Be Unlocked in October🔓
— CryptoRank.io (@CryptoRank_io) September 30, 2025
The following notable token unlocks will happen in October:$ASTER $503.58M$SUI $180.40M$XPL $90.06M$STBL $81.05M$PUMP $54.82M$ENA $51.23M$ZRO $49.23M$APT $47.96M$ZORA $41.94M$ARB $37.71M pic.twitter.com/0jWPrwaACX
Other major releases include Plasma (XPL) unlocking $90.06 million on October 25, and STBL (STBL) with $81.05 million on October 16.
Pump.fun (PUMP) will see $54.82 million worth of tokens unlocked on October 14, equivalent to 1% of its supply. Meanwhile, Ethena (ENA) has a $51.23 million unlock on October 2, and LayerZero (ZRO) will unlock $49.23 million on October 20.
Aptos (APT) joins the list with a $47.96 million release on October 12, making it another event investors will closely track, especially as Aptos has been gaining traction in DeFi and gaming sectors.
Even smaller unlocks can move markets if liquidity is low. Zora (ZORA) will release $41.94 million (10% of market cap) on October 23, while Arbitrum (ARB) unlocks $37.71 million on October 16.
Read also: Ripple CTO David Schwartz Steps Down After 13 Years – XRP Community Reacts
Why It Matters
Token unlocks often act as stress tests for projects. A healthy market response – with tokens being absorbed through staking, liquidity provision, or long-term accumulation – signals confidence. On the other hand, sharp sell-offs can spook investors and drag prices lower.
With $3.9 billion in supply hitting the market this month, October could be one of the most volatile months of the year, not just for these projects but for the broader crypto market as well.
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