Over $3 Billion in Crypto Set to Unlock in March: What to Expect
The post Over $3 Billion in Crypto Set to Unlock in March: What to Expect appeared on BitcoinEthereumNews.com.
Over 32 crypto projects are expected to unlock tokens worth $3 billion in March. The biggest unlock is from Arbitrum (ARB), which will unlock 1 billion+ tokens by March 16. Also, Aptos will unlock 24.84 million APT while SUI will release 34.62 million tokens. March could be a crucial month for the crypto market, with over 32 projects set to unlock over $3 billion worth of tokens, according to Token Unlocks data. The most significant event comes from Arbitrum (ARB), which will release more than 1 billion tokens by March 16—an amount that represents 87% of its current circulating supply. This ARB unlock, valued at approximately $2.2 billion, will see 673.5 million tokens allocated to the project’s core team and advisors, while 438.25 million ARB will be distributed to investors. Given the sheer volume of tokens entering circulation, ARB’s price could face considerable downward pressure unless met with strong buying demand. Aptos (APT) is another major player in this round of token unlocks, with 24.84 million APT tokens—accounting for 6.76% of its circulating supply—set to be released by March 13. At current market rates, this unlock is valued at around $290 million. Related: Altcoin Purge: Can Crypto ETFs Save Strong Projects from Market Crash? Meanwhile, Sui (SUI) and Optimism (OP) are also preparing for significant unlocks. Sui will release 34.62 million tokens worth approximately $58.15 million on March 3, while Optimism is scheduled to unlock 24.16 million OP tokens, valued at over $90 million, by March 29. Both projects have consistently released new tokens since the beginning of the year, raising concerns about the long-term impact of supply dilution on their market performance. Altcoin Market Cap Analysis Meanwhile, the altcoin market cap chart below shows that the Relative Strength Index (RSI) suggests further downside risk. RSI is deep in bearish…
Filed under: News - @ February 28, 2025 9:22 am