According to Token Unlocks, a platform closely monitoring token releases recently revealed significant unlocks in March involving prominent tokens like SUI, APT, ARB, APE, etc. However, The total unlock value exceeds $2.919 billion, indicating a crucial period for token liquidity and market dynamics.
March To Unlock $2.9B Worth of Token
Eventually, the upcoming release of substantial token unlock events, often seen as potential bearish triggers in the crypto market, are set to unfold in this month, exerting varying pressures on altcoins.
Sui (SUI): Unleashing 16.69 million SUI tokens valued at $58.15 million on March 3, constituting 2.97% of the circulating supply.
Aptos (APT): Dumping 24.84 million APT tokens valued at $290.16 million between March 3 to 13, representing 6.76% of the circulating supply.
Arbitrum (ARB): Experiencing an unlocking event of 1.11 billion ARB tokens, boasting a substantial value of approximately $2.212 billion.
ApeCoin (APE): Initiating a release of 15.60 million APE tokens valued at $30.27 million from March 3 to 17, contributing 2.24% of the circulating supply to the market.
Manta Network (MANTA): Unveiling up to 6.67 million MANTA tokens valued at $18.00 million between March 3 to 17, representing 0.74% of the circulating supply.
Immutable (IMX): Pouring 34.19 million IMX tokens valued at $109.75 million from March 3 to 22 (2.46% of the circulating supply).
Yield Guild Games (YGG): Unlocking 16.69 million YGG tokens worth $12.28 million from March 3 to 27, constituting 5.51% of the circulating supply.
Optimism (OP): Releasing 24.16 million OP tokens worth $90.84 million from March 3 to 29, accounting for 2.52% of the circulating supply.
Echelon Prime (PRIME): Introducing 1.66 million PRIME tokens valued at $25.26 million from March 3 to 31, constituting 4.89% of the circulating supply.
As these unlock events unfold, investors navigate a dynamic landscape, responding to each token’s unique circumstances and potential market impacts.
