Uptober, revered to be the most bullish month of the year, was disrupted by Trump’s tariffs. The crypto markets crashed, and the total crypto market cap fell below the $4 trillion level. In such adverse conditions, more than $4 billion worth of crypto will be unlocked for Uptober, which is just October now. About $928 million worth of tokens are scheduled to be unlocked in the course of the week.
NIL to unlock 11 million tokens; testing time for $0.35 resistance
NIL is the native token of the Nillion ecosystem, which is a blind computer. It is a decentralized network for private computation and data storage that leverages Privacy-Enhancing Technologies (PETs) to process and store data without exposing it. This enables applications such as privacy-preserving AI, encrypted databases, and secure, data-driven services.
In another two days, more than 11 million tokens are scheduled to hit the market. The 11 million NIL represents about 1% of the supply, and it is worth about $3.6 million. With this unlock, more than one-fourth of the supply will be circulating in the market.
With this token unlock, NIL may be able to go past the resistance level at $0.35, which NIL has been testing but failed to break through. The 24-hour trading volume has increased to $35 million after surging by more than 15%.
XPL will release 20% of the total supply
XPL is the native token of the Plasma chain, which is an infrastructure built for stablecoins.
The network runs on a combination of a custom Byzantine Fault Tolerant consensus mechanism, called PlasmaBFT, with an EVM-based execution layer and a trust-minimised Bitcoin bridge. These mechanisms run in the background to provide secure, scalable, and low-latency infrastructure for stablecoin issuers, financial institutions, and decentralised applications.
In three days’ time, the Plasma chain will unlock about 89 million tokens, which is worth about $34 million at its current price. With this unlock event, Plasma will unleash nearly 20% of the total supply.
GRASS to unlock 50% of its total supply
Grass is an innovative system that helps users rent out their unused internet bandwidth. Grass uses an advanced system called the Sovereign Data Rollup, which coordinates a vast network of connected computers. When a user downloads the Grass app, the device automatically becomes a node that shares unused bandwidth capacity.
GRASS is the token that powers the network with a total supply of 1 billion tokens. Next week, the network will release about 184 million tokens in 3 rounds, which is worth about $77 million.
