Coinspeaker
Massive Crypto Token Unlocking Scheduled for March, Arbitrum to Lead

As per data from Token Unlocks, more than 32 projects are scheduled to unlock over 43 billion worth of crypto tokens into circulation this month of March 2024.

Arbitrum takes the lead in this month’s token unlocks, marking a significant milestone since its initial airdrop. The upcoming unlock will also double the asset’s current circulating supply.

According to Token Unlocks data, the project will release over 1 billion ARB tokens, accounting for 87% of its existing circulating supply, by March 16. At current market rates, the value of this Arbitrum token unlock stands at approximately $2.2 billion. Breaking down the unlock, the project’s core team and advisors shall receive 673.5 million ARB tokens. On the other hand, investors in the layer2 network shall receive 438.25 million ARB tokens.

Tran Hoan, founder of the venture capital firm Capybara Investments, characterized the unlock as “significant”. He observed that such a sizable release might not prompt selling pressure immediately on the market, as major investors and the project team typically exhibit caution. Hoan added:

“Not all tokens will dump on the market immediately, Major investors don’t do...