According to Token Unlocks data, 18 encrypted project tokens will be unlocked in March, with a total release value of about $650 million.
The largest one to be unlocked is Hedera’s HBAR, which is set to release more than 3 million tokens worth over $218 million on March 1st.
On March 3rd, Nym will unlock tokens worth $1.3 million, accounting for 0.5% of its total supply. Tornado Cash is expected to release 175,000 tokens worth $1.4 million on March 8th.
Moonbeam, Aptos, Sweat Economy, dYdX, and BitDAO are scheduled to be unlocked on March 11th, 12th, 13th, 14th, and 15th, respectively. Apt, dYdX, and BitDAO will release tokens worth $54.8 million, $19.6 million, and $109.8 million, respectively.
Wherein Aptos is known for its massive overvalued venture funding, raising $200 million in March 2022 at a valuation of over $1 billion and $150 million in July 2022 at a valuation of over $2 billion. It’s worth noting that the now-defunct FTX Ventures largely participated in these rounds.
On March 17th, ApeCoin and Stargate Finance are scheduled to be unlocked. LooksRare, Immutable X, and Yield Guild Games will unlock worth $2.3 million, $19.2 million, and $5.2 million on March 24th, March 25th, and March 27th, respectively.
Investors should take note of these upcoming token unlocks as they could potentially affect the market price of the released ones. While some projects will only release a small percentage of their total supply, others will release a substantial amount, so staying informed and preparing for any potential market movements is essential.
Original article: https://news.coincu.com/170734-brace-impact-18-encrypted-project-tokens/
