Unlock events are important events in the cryptocurrency market. That’s why investors and traders follow it closely. There are 12 important token unlock events in March. Especially one of them will set the agenda with a huge unlock. Arbitrum (ARB Coin) will dump over $3 billion worth of crypto tokens into the market in March.
Arbitrum (ARB Coin) dominates, doubling supply
The altcoin leads this month’s token unlocks, marking a major milestone since its first airdrop. The upcoming unlock is set to double the current circulating supply of the asset. Token Unlock data reveals that the project will issue over 1 billion ARB Coins by March 16, accounting for 87% of the current circulating supply. This influx would be worth approximately $2.2 billion at current market rates.
The core team and consultants of the project will receive 673.5 million ARB Coins. Investors in the Layer2 network expect to receive 438.25 million ARB tokens. Tran Hoan, founder of venture capital firm Capybara Investments, calls the unlock “tremendous.” He notes that such a significant release may not cause immediate selling pressure in the market, as large investors and the project team often exercise restraint. Hoan makes the following statement:
Not all tokens will be released immediately, large investors do not do this. Given the tremendous growth potential ahead, it may not be wise to sell tokens now. However, there may come a point where the market becomes wary of a major unlock, leading to pressure on the token price.
Other major unlock events
Aptos will release 24.84 million APT tokens, accounting for 6.76% of its circulating supply, by March 13. The estimated value of this unlock is $290 million as of press time. Meanwhile, the Aptos team has launched over $450 million in digital assets throughout this year. Despite this, price performance is up a modest 25% year-to-date.
Sui, another layer1 blockchain, is preparing to launch another 34.62 million SUI tokens worth $58.15 million by March 3. Notably, the network has had new token releases since the beginning of the year. Optimism, a Layer-2 Blockchain network built on Ethereum, is scheduled to release 24.16 million OP tokens by March 29. The value of these assets exceeds $90 million. It is worth noting that the project has injected approximately $166 million worth of tokens since the beginning of the year.
March unlock calendar
Meanwhile, cryptokoin.com As we reported, there are 12 important unlock events from March. Their schedule will be as follows:
- March 3: SUI– 34.62 million SUI, 2.81% of circulating supply.
- March 7: HFT– 13.62 million HFT, 3.79% of circulating supply.
- March 13: APT- 24 million 840 thousand APT, 6.76% of the circulating supply.
- March 15: CYBER- 886 thousand CYBERs, 5.98% of the circulating supply.
- March 16: ARB Coin– 1 billion 111 million ARB Coins, 87.2% of the circulating supply.
- March 17: APE – 15.59 million APE, 2.61% of circulating supply.
- March 18: MANTA– 6.67 million MANTA, 2.66% of circulating supply.
- March 19: PIXEL- 54 million 370 thousand PIXELs, 7.05% of the circulating supply.
- March 22: ID- 78.5 million ID, 18.23% of circulating supply.
- March 27: YGG- one6.68 million YGG, 5.51% of circulating supply.
- March 29: KISS- 24 million OP, 2.40% of circulating supply.
- March 31: PRIME- 1.66 million PRIME, 4.66% of circulating supply.
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