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About $650M in token unlocks scheduled for March About $650M in token unlocks scheduled for March

About $650M in token unlocks scheduled for March

Unlocks scheduled for the first day of March are set to release a total of $224 million worth of tokens, accounting for over 34% of the monthly amount.

About $650M in token unlocks scheduled for March

Cover art/illustration via CryptoSlate

Eighteen projects scheduled their unlocks to take place in March, which will release about $650 million worth of tokens into circulation, according to Token Unlocks data.

Of these 18, six projects will unlock their tokens on the first day of the month. Over $224.7 million worth of assets will be released into the market on the first day, which accounts for 34.5% of the total amount to be unlocked during March.

Unlocks scheduled for March 1

Euler (EUL), STEPN (GMT), Hedera (HBAR), Acala (ACA), 1inch (1INCH), and Galxe (GAL) will unlock their tokens on the first day of the month.

HBAR unlock will be the largest one during March. On the first day of the month, the project will release over 3 million HBAR tokens worth over $218 million.

EUL will go under a cliff unlock, releasing $201,600 worth of EUL each day until the total amount reaches $885,368. Similarly, GMT will release $221,932 daily with a linear unlock schedule.

ACA, 1INCHi, and GAL will release $4.2 million, $37,128, and $1.1 million worth of tokens, respectively.

Rest of the month

Nym (NYM) will unlock $1.3 million worth of tokens on March 3, which accounts for 0.5% of its total supply. On March 8, Tornado Cash (TORN) is expected to release 175,000 tokens worth $1.4 million.

Moonbeam (GLMR), Aptos (APT), Sweat Economy(SWEAT), dYdX (DYDX), and BitDAO (BIT)  scheduled their unlocks for March 11, 12, 13, 14, and 15, respectively. GLMR will release $89,100 worth of tokens every day until the total reaches $4.27 million. SWEAT will also go under a cliff unlock by releasing a total of $1.5 million by unlocking $72,900 daily.

APT, DYDX and BIT will release $54.8 million, $19.6 million, and $109.8 million, respectively. BitDAO will release over 187 million BIT tokens worth $109,882,313 and mark the third-largest unlock of the month.

ApeCoin (APE) and Stargate Finance (STG) scheduled their unlocks for March 17. ApeCoin will release $205 million worth of tokens, which will be the second-largest unlock of the month. On the other hand, STG will go under a linear unlock period by releasing $576,923 daily.

Finally, LooksRare (LOOKS), Immutable X (IMX), and Yield Guild Games (YGG) will unlock $2.3 million, $19.2 million, and $5.2 million worth of tokens on March 24, March 25, and March 27, respectively.

Posted In: Featured, Tokens