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ARB Leads March Token Unlock With $2.212 Billion Unleashing

source-logo  cryptonews.net 01 March 2024 13:24, UTC
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According to Token Unlocks data published by Wu Blockchain on X, $SUI, $APT, $ARB, $APE, $MANTA, PIXEL, $IMX, ID, YGG, OP and PRIME will be unlocked in March. In total, there will be more than $2.919 billion worth of unlocked tokens in March. Of the total number of unlocks, Arbitrum’s $ARB has the highest unlock value, with $2.212 billion worth of $ARB unlocked, representing 87.20% of the total coins in circulation.

According to Wu’s post on X, the $ARB unlock on March 16 includes 673 million $ARB owned by the team/advisers and 438 million investors. On March 3, 34.62 million $SUI tokens worth $58.15 million will be unlocked. The unlock amount corresponds to a supply ratio of 2.97%. On March 13, $APT will unlock 24.84 million tokens worth $290.16 million, representing 6.67% of the total supply.

On March 17, 15.60 million $APE tokens will be unlocked. Although these tokens are valued at $30.27 million, they represent 2.61% of the total circulating supply. Tokens such as $MANTA, PIXEL, $IMX, ID, YGG, OP and PRIME will be unlocked from March 18 to March 31. On March 22, 78.49 million ID tokens worth $45.77 million will be unlocked.

Image: VOI