Crypto Market Outlook: Brace for Impact as Top Token Unlocks Worth $3B Flood Market 

Crypto Market Outlook: Brace for Impact as Top Token Unlocks Worth $3B Flood Market 

The post Crypto Market Outlook: Brace for Impact as Top Token Unlocks Worth $3B Flood Market  appeared first on Coinpedia Fintech News

In a recent report from Token Unlocks, a platform closely monitoring token releases, it’s been revealed that March is witnessing substantial unlocking events for major tokens like SUI, APT, ARB, APE, and more. The total unlock value surpasses $2.919 billion, signaling a crucial time for token liquidity and market dynamics.

What should you be aware of?

March Unlocks to Note

Eventually, the upcoming release of substantial token unlock events, often seen as potential bearish triggers in the crypto market, are set to unfold this month, exerting varying pressures on altcoins. 

Sui (SUI):

• 16.69 million SUI tokens are set to be released on March 3, valued at $58.15 million.
• 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):

• An unlocking event for 1.11 billion ARB tokens is scheduled, with a substantial 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, valued at $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, Hold Steady!

As these unlocking events unfold, investors find themselves in a dynamic landscape, responding to each token’s unique circumstances and potential impacts on the market. The stage is set and we’re excited – are you?