Ethereum's 6% Bounce Meets ETF Outflow Streak
Ethereum jumped about 6% this week but faces weak on-chain activity and no ETF inflows since September, with key resistance at $2,439.
Tokens worth over $746.5 million from LayerZero, Connex, and Bedrock will unlock in the third week of September 2026.
Tokens valued at over $746.5 million are set to enter the crypto market during the third week of September 2026. Key projects such as LayerZero (ZRO), Connex (CONX), and Bedrock (BR) are scheduled to unlock substantial quantities of new tokens.
These token releases may bring market volatility and affect short-term price action. Below is a breakdown of what to watch.
LayerZero is an interoperability protocol that connects different blockchains, aiming to facilitate seamless cross-chain communication. This allows decentralized applications (dApps) to interact across multiple blockchains without relying on traditional bridging models.
On September 20, the team will unlock 25.71 million tokens, representing 4.22% of the currently released supply. The value of these tokens is estimated at roughly $26 million.
LayerZero will distribute 13.42 million tokens to strategic partners, while core contributors receive 10.63 million ZRO. An additional 1.67 million ZRO are earmarked for tokens the team previously repurchased.
Connex is a permissionless, open, and collaborative Web3 professional network. By integrating blockchain with networking, the project fosters transparency and equitable value exchange among digital economy professionals. CONX holders can use the token for payments and governance.
On September 15, Connex will release 1.32 million CONX tokens into circulation. These tokens are valued at around $13.21 million, constituting 1.41% of the current released supply.
Approximately 822,500 CONX will be allocated to the ecosystem, while the community treasury will receive 500,000 tokens.
Bedrock is a liquid restaking protocol that issues tradable tokens such as uniBTC, backed by deposited Bitcoin (BTC), Ethereum (ETH), and IoTeX, allowing holders to earn while keeping assets usable elsewhere in DeFi. Its governance token, BR, launched on the BNB Chain in March 2025.
On September 20, 40.63 million BR tokens will be released, equivalent to 18.68% of the current released supply. The value of this unlock is roughly $12.74 million.
The founding team will receive 25 million tokens, with an additional 15.63 million tokens set aside for seed investment.
Beyond these, other notable token unlocks during the third week of September include Arbitrum (ARB), Starknet (STRK), Sei (SEI), YZY (YZY), and more.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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