About $650M in token unlocks scheduled for March

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.