The month of March will be busy in terms of token unlocks. A total of approximately $3 billion worth of tokens in 12 different tokens will be unlocked and released to the market. With $2.2 billion worth of unlocks, ARB accounts for the majority of this figure.
March will be a month of important unlockings in many tokens. A total of $2 billion 820 million worth of tokens will be unlocked in 12 different tokens.
Unlocking, or “unlock” in common terms, means that tokens will be available and released after a certain period of time. Unlocks, which take place until the entire supply is launched according to a predetermined schedule, are closely monitored due to their potential to cause a drop in the price of the relevant token. Sometimes it is also possible to see surges after the unlock as expectations are pre-sold.
This month’s biggest unlock will take place on Arbitrum (ARB). The circulating supply on ARB will almost double. On March 16, 1 billion 111 million ARBs worth $2 billion 190 million will be released into circulation. This amount to be unlocked corresponds to 87.2% of the circulating supply.
According to TokenUnlocks data, all unlocks and dates are as follows:
- SUI: 57 million SUIs worth $34.62 million will be unlocked on March 3. 2.81% of the circulating supply.
- HFT: 13.62 million HFTs worth $6.47 million will be unlocked on March 7. 3.79% of the circulating supply.
- APT: 24 million 840 thousand APTs worth $294 million will be unlocked on March 13. 6.76% of the circulating supply.
- CYBER: 886 thousand CYBERs worth $9.21 million will be unlocked on March 15. 5.98% of the circulating supply.
- ARB: 1 billion 111 million ARBs worth $2 billion 190 million will be unlocked on March 16. 87.2% of the circulating supply.
- APE: 15.59 million APEs worth $35 million 160 thousand dollars will be unlocked on March 17. 2.61% of the circulating supply.
- MANTA: 6.67 million MANTAs worth $18 million 530 thousand will be unlocked on March 18. 2.66% of the circulating supply.
- PIXEL: 54 million 370 thousand PIXELs worth 27 million 510 thousand dollars will be unlocked on March 19. 7.05% of the circulating supply.
- ID: 78.5 million IDs worth $53 million will be unlocked on March 22. 18.23% of the circulating supply.
- YGG: 16.68 million YGGs worth $11.65 million will be unlocked on March 27. 5.51% of the circulating supply.
- OP: 92 million OPs worth $24 million will be unlocked on March 29. 2.40% of the circulating supply.
- PRIME: 1.66 million PRIMEs worth $25 million will be unlocked on March 31. 4.66% of the circulating supply.