If the market perceives these unlocks positively, viewing them as signs of project progress or utility for staking and governance, token prices may stabilize or even increase.

Other notable unlocks include Starknet releasing 64 million STRK tokens worth approximately $27.3 million, and ApeCoin unlocking 15.60 million APE tokens valued at around $11.42 million.

Out of the total $500 million in unlocks this week, $200 million will be released in a 'cliff' format, meaning a large number of tokens will be unlocked simultaneously.

October is shaping up to be a significant month for cryptocurrency token unlocks, with over $1 billion worth of tokens scheduled for release.

Additionally, Cardano will unlock 18.53 million ADA tokens, valued at about $6.4 million, contributing to market liquidity.

Historically, significant price changes in cryptocurrencies often occur about two weeks after the unlock event, making this a critical time for market participants.

This week alone, approximately $500 million in various cryptocurrencies are set to be unlocked, which could impact their respective markets due to increased supply.

Leading the charge is Arbitrum, with 96 million ARB tokens, valued at $51 million, being released.

Worldcoin follows closely with the largest linear unlock this week, releasing 37.23 million WLD tokens worth over $85 million.

Eigenlayer is also set to unlock 11.22 million tokens, valued at more than $40 million, representing 6.01% of its total supply.

Axie Infinity will release 9.25 million AXS tokens, valued at over $43 million, accounting for 6.08% of its total supply.

Investors are closely monitoring the market impact of these new tokens entering circulation, as anticipation can lead to preemptive sell-offs.