Large amount of tokens to be unlocked in October: Celestia will unlock 1.1 billion USD worth of TIA, Cheelee will unlock 300 million USD worth of CHEEL

Foresight News reports, according to Cointelegraph, notable large-scale token unlocks in October include:

1. 757.5 million Celestia tokens TIA will be unlocked on October 31. Based on the current market price, they are worth about $1.1 billion and will be distributed to the initial core contributors, R&D personnel, Series A and B investors as well as seed round investors of this project.

The Web3 social network project Cheelee plans to unlock $300 million worth of CHEEL tokens on October 10th which will be allocated to advisors of the project, reserve funds, marketing efforts, liquidity providers, team members community airdrops and private round investors.

In addition, Aptos plans to unlock $90 million in crypto tokens on October 12th; Arbitrum's Axie Infinity's ImmutableX's and GateToken's unlocking amounts range from $50 million to $70 million; while Starknet’s Internet Computer’s Ethena Labs’ crypto unlocking amounts range from $20 million to $30 million.