A significant influx of tokens is coming to the crypto market. Over $142 million worth of cryptocurrency tokens are what’s scheduled to be unlocked next week, between March 10 and 16 to be exact.
Aptos (APT), Arbitrum (ARB), and CONX are among the most notable tokens in this release. These unlocks, which distribute tokens to private investors, founders, and team members, are expected to influence market liquidity and potentially trigger price movements.
APT & Arbitrum Lead in Value of Weekly Token Unlocks
Data from Tokenomist indicates that Aptos will experience the largest unlock of the week, with $40.5 million worth of tokens becoming available on March 12. This represents 1.15% of its circulating supply.
Aptos will have unlocked 73.82% of its total supply following this upcoming release. Currently, APT is trading at $6.05, down 1.1% over the last day and 5.3% over the past week.
CONX Unlock Dwarfs Circulating Supply, Arbitrum Follows
Arbitrum is next with a $37.4 million unlock scheduled for March 16, comprising 2.10% of its circulating supply. This event will bring its total unlock so far to a 67.05% level. Its price has declined to $0.3912, showing a 3.5% daily drop and an 18.8% decline over the past month.
CONX stands out due to its unlock of $24.6 million on March 15, representing 113.04% of its circulating supply. For context, CONX has a circulating supply of 1.15 million tokens.
However, with 1.3 million CONX tokens entering circulation, this unlock marks a potentially significant event for price dynamics. It’s worth noting that the CONX token has decreased by 2.32% in the past day and 12% over the past month.
Related: Crypto Token Unlock Schedules Shift: Are Projects Changing Emission Strategy or Just Market Dynamics?
StarkNet (STRK) and Sei are other notable projects scheduled to release tokens, with unlocks of $12 million and $12.5 million on March 15.
Token Vesting & Market Dynamics
Crypto vesting is a common practice designed to prevent early investors and project teams from selling large amounts of tokens immediately after launch. By employing lock-up mechanisms, vesting aims to ensure gradual distribution, and thus, to help maintain price stability.
However, token releases, especially large cliff unlocks, typically lead to an increased supply. If market demand does not adequately absorb this increased supply, prices can potentially decline. Aptos and Arbitrum, being prominent projects, could experience increased trading activity after their respective unlocks.
Related: Solana’s $2 Billion Token Unlock: Is Your SOL Portfolio Safe From March 1?
In the case of CONX, with the unlock exceeding its existing circulating supply, questions arise about the market’s capacity to absorb this substantial new liquidity.
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