March Token Unlock Events to Result in $2.9 Billion Worth of Token Release – Altcoin Market Set for Volatility

March Token Unlock Events to Release $2.9 Billion Worth of Tokens

Token Unlocks, a platform that closely monitors token releases, has recently revealed significant unlock events scheduled for March. These events involve prominent tokens such as SUI, APT, ARB, APE, and more. The total value of these unlocks exceeds $2.919 billion, making it a crucial period for token liquidity and market dynamics.

Bearish Pressures Arise as Token Unlocks Occur

The upcoming token unlock events set to take place in March are seen as potential bearish triggers in the crypto market. These events will exert varying pressures on altcoins.

Here are the details of some of the major token unlocks:

– Sui (SUI): On March 3, 16.69 million SUI tokens, valued at $58.15 million, will be unleashed. This accounts for 2.97% of the circulating supply.
– Aptos (APT): Between March 3 and 13, 24.84 million APT tokens, valued at $290.16 million, will be dumped into the market. This represents 6.76% of the circulating supply.
– Arbitrum (ARB): An unlocking event of 1.11 billion ARB tokens, with a value of approximately $2.212 billion, will take place.
– ApeCoin (APE): From March 3 to 17, 15.60 million APE tokens, valued at $30.27 million, will be released. This contributes 2.24% of the circulating supply to the market.
– Manta Network (MANTA): Between March 3 and 17, up to 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, valued at $109.75 million, will be poured into the market. This accounts for 2.46% of the circulating supply.
– Yield Guild Games (YGG): From March 3 to 27, 16.69 million YGG tokens, worth $12.28 million, will be unlocked. This constitutes 5.51% of the circulating supply.
– Optimism (OP): Between March 3 and 29, 24.16 million OP tokens, worth $90.84 million, will be released. This represents 2.52% of the circulating supply.
– Echelon Prime (PRIME): From March 3 to 31, 1.66 million PRIME tokens, valued at $25.26 million, will be introduced. This accounts for 4.89% of the circulating supply.

Investors will need to navigate this dynamic landscape as these unlock events unfold. Each token’s unique circumstances and potential market impacts will need to be carefully considered.

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