Crypto Sees Up to $67.3M in Token Unlocks on October 26

GateToken's $67M Monday Release

GateToken (GT) carries the largest token unlock of the coming week, with roughly $65.4 million to $67.3 million in supply set to become transferable on Monday, October 26. An unlock is a scheduled increase in circulating supply: tokens held under vesting terms reach their holders on a fixed date and can then be moved or sold. The October 26 to November 2 window holds six major releases in total, and GT tops all of them.

Figures compiled by unlock tracking service Dropstab put Monday's GT release at about 6.67 million tokens, equal to 6.37% of the token's market capitalization. The release spans four vesting rounds, and the recipients are not publicly identified; the schedules simply mark them as undisclosed. The size of the release is itself disputed. CoinMarketCap's aggregation counts only 1.5 million GT unlocking on the same date, less than a quarter of the Dropstab figure, a gap wide enough to change how the market prices the supply overhang.

GT functions as the governance token of the Gate exchange ecosystem, and its unlock calendar is usually read against the exchange's operating footprint, which covers spot markets and futures trading. The unlock lands on a Monday session, leaving the market a full trading week to absorb the new float. Exchange tokens trade on their own supply dynamics more directly than most projects, since platform demand, not protocol revenue, anchors the bid. Vesting schedules of this shape typically trace back to early private sales contracted under a SAFT framework, which is one reason recipient identities stay private until the tokens reach wallets. Across the Web3 sector, unlock calendars have become a standard risk input for traders, and a single release touching 6.37% of market capitalization is material for any token, whichever tracker's count proves correct.

Ethena and Four Smaller Releases

Ethena (ENA) follows as the second-largest release of the window, with 275,015,625 tokens worth about $56.9 million unlocking on November 1, equal to 2.05% of circulating supply. That dollar size puts ENA second only to GT for the week despite the modest 2.05% share. Recipients are again undisclosed. Tokenomist has noted that portions previously scheduled after November 5 were folded into the ENA unlock that already took place on October 5, a consolidation that lightens the later dates on the vesting calendar.

Four smaller releases fill out the schedule. Grass unlocks on October 28, with early investors as the named recipients; tracker estimates for the size diverge widely, from about $4.28 million to $21.54 million, and Tokenomist marks the token as already fully unlocked. Falcon Finance (FF) releases roughly 208 million tokens on October 29, worth about $13 million to $20.7 million, close to 6.62% of its circulating supply; at that percentage its float impact rivals GT's 6.37%, though the dollar size is far smaller. Collector Crypt (CARDS) unlocks about $18.4 million the same day, mostly to the team, with aggregator counts split between roughly 59 million and 44.59 million tokens. SUI closes the window on November 1 with 13,147,499 tokens, about $12 million to $13.3 million. October 29 carries two releases, FF and CARDS, making it the heaviest single day after GT's Monday slot.

The disagreements across these releases are not cosmetic: for GRASS and CARDS, the gap between trackers changes the size of the overhang by multiples, and for ENA the re-dated schedule shifts supply that traders may have positioned for weeks ago. None of the six schedules names an individual or fund as recipient; the terms stand as published, which limits how much the market can model recipient behavior.

The number that decides this week's GT story is which count proves correct. Until wallet-level data confirms the recipient flows, the Dropstab range of $65.4 million to $67.3 million stands as the working estimate, and the CoinMarketCap figure of 1.5 million GT remains the downside case: if the smaller count is right, the actual overhang is roughly a quarter of the headline number. Our live monitoring keeps GT on the watch list through Monday's session, and the GT technical analysis page tracks the levels traders are using to absorb the added float. The rest of the calendar, from Ethena's $56.9 million on November 1 to SUI's narrower $12 million to $13.3 million, schedules supply without naming a single new recipient.