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ARB Leads March Token Unlock With $2.212 Billion Unleashing

source-logo  cryptonews.net 01 March 2024 13:24, UTC

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