The crypto market is bracing for a potential surge in volatility as over $446 million worth of tokens are scheduled to be unlocked in the third week of October 2025. This significant influx of new supply, concentrated across several major projects, could exert short-term pressure on prices.
Key Token Unlocks to Watch
Three projects, in particular, will see substantial new token supplies released:
| Project | Unlock Date | Amount Unlocked | Value (Approx.) | % of Total Supply | Primary Recipients |
| Arbitrum (ARB) | October 16 | 92.65 million ARB | $31.63 million | 0.93% | Team, Advisors, and Investors |
| FastToken (FTN) | October 18 | 20 million FTN | $40.2 million | 2% | Founders (Entire Unlock) |
| Connex (CONX) | October 15 | 2.32 million CONX | $32.42 million | 2.32% | Foundation, Ecosystem, and Community Treasury |
1. FastToken (FTN)
The native currency of the Bahamut Layer-1 EVM blockchain will see 20 million FTN unlocked, representing 2.04% of its current released supply. Notably, the entire unlocked supply of approximately $40.2 million will go to the founders, which is a key detail for investors to monitor.
2. Connex (CONX)
The Web3 professional network is releasing 2.32 million CONX, valued at about $32.42 million. This unlock represents the highest percentage of total supply among the three at 2.32%. The tokens are allocated primarily to the foundation, the ecosystem, and the community treasury.
3. Arbitrum (ARB)
The leading Layer-2 scaling solution for Ethereum will unlock 92.65 million ARB, worth $31.63 million. This unlock is significant because team, future team, advisors, and investors will receive the entirety of this new supply, which could lead to selling pressure.
In addition to these major events, investors should also track scheduled unlocks for deBridge (DBR), Starknet (STRK), Sei (SEI), and ZKsync (ZK), which will further contribute to the market’s total new supply.
October 2025, Cryptoniteuae
