According to Token Unlocks, March could be a pivotal month for the crypto market as over 32 projects plan to unlock over $3 billion worth of tokens.
The most significant event will be the unlocking of tokens Arbitum (ARB). On March 16, more than 1 billion ARB will be in circulation, worth almost $2,2 billion, which is 87% of the current supply. About 673 million ARB will be distributed among the project team, and the remaining assets will be available to investors.
Aptos (APT) is another big player in this token release round. By March 13, 24,84 million APT will be released, representing 6,76% of the total supply. At current market prices, they are worth about $290 million.
Sui (SUI) and Optimism (OP) are also preparing for significant token launches. On March 3, Sui will issue 34,62 million tokens worth about $58,15 million, while Optimism will add 24,16 million OP to the market, worth over $90 million, by March 29.
This is not the first token unlock for Sui and Optimism this year, so crypto community members have already expressed concerns that this situation will negatively affect the token price in the near future.