Crypto Market Forecast: Prepare for Impact as $3 Billion Worth of Top Tokens Unlock Flood the Market
Major Token Unlocks in March: What You Need to Know
March is proving to be a significant month for token unlocks, with several major tokens like SUI, APT, ARB, APE, and more experiencing substantial unlocking events. These unlocks, totaling over $2.919 billion, are crucial for token liquidity and market dynamics.
According to Token Unlocks, the significant unlocks in March include SUI, APT, ARB, APE, MANTA, PIXEL, IMX, ID, YGG, OP, PRIME, and others, with a combined unlock value of over $2.919 billion. Of this, the ARB unlock value alone is approximately $2.212 billion, including 673 million ARBs.
What should investors be aware of?
March Unlocks to Watch Out For
The upcoming token unlock events scheduled for this month can potentially have a bearish impact on the crypto market. Here are some notable unlocks to keep an eye on:
Sui (SUI):
On March 3, 16.69 million SUI tokens, valued at $58.15 million, will be released. This accounts for 2.97% of the circulating supply.
Aptos (APT):
Between March 3 to 13, 24.84 million APT tokens, worth $290.16 million, will be unleashed. This represents 6.76% of the circulating supply.
Arbitrum (ARB):
A substantial unlocking event for 1.11 billion ARB tokens is scheduled, with a value of around $2.212 billion.
ApeCoin (APE):
From March 3 to 17, 15.60 million APE tokens, valued at $30.27 million, will hit the market. This contributes 2.24% of the circulating supply.
Manta Network (MANTA):
Between March 3 to 17, 6.67 million MANTA tokens, valued at $18.00 million, will be unveiled. This represents 0.74% of the circulating supply.
Immutable (IMX):
From March 3 to 22, 34.19 million IMX tokens, worth $109.75 million, will be poured into the market. This accounts for 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. This constitutes 5.51% of the circulating supply.
Optimism (OP):
Releasing 24.16 million OP tokens worth $90.84 million from March 3 to 29. This represents 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. This contributes 4.89% of the circulating supply.
Investors, Stay Steady!
As these unlocking events unfold, investors must navigate a dynamic landscape and adjust their strategies accordingly. Each token’s unique circumstances and potential impacts on the market should be carefully considered. The stage is set, and we’re eagerly anticipating the outcomes. Are you?