Significant Token Unlocks Coming to Crypto Market

A significant influx of tokens is coming to the crypto market. Over $142 million worth of cryptocurrency tokens are scheduled to be unlocked between March 10 and 16.

Notable Tokens in Release

Aptos (APT), Arbitrum (ARB), and CONX are among the standout tokens in this release. These unlocks will distribute tokens to private investors, founders, and team members, likely influencing market liquidity and potentially affecting prices.

APT & Arbitrum Lead in Value of Weekly Token Unlocks

According to data from Tokenomist, Aptos will see the largest unlock this week with $40.5 million worth of tokens available on March 12, representing 1.15% of its circulating supply. Following this release, Aptos will have unlocked 73.82% of its total supply. 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

Next is Arbitrum with a $37.4 million unlock on March 16, making up 2.10% of its circulating supply. This will bring its total unlocked amount to 67.05%. Its current price is $0.3912, reflecting a 3.5% daily drop and an 18.8% decrease over the month.

CONX will unlock $24.6 million on March 15, representing 113.04% of its circulating supply, which currently stands at 1.15 million tokens. However, with 1.3 million CONX tokens entering circulation, this unlock might significantly impact price dynamics. The CONX token has dropped by 2.32% in the past day and 12% over the last month.

Other Notable Projects

StarkNet (STRK) and Sei are also set to release tokens, with unlocks of $12 million and $12.5 million on March 15, respectively.

Understanding Token Vesting & Market Dynamics

Crypto vesting is employed to prevent early investors and project teams from selling large amounts of tokens immediately after launch. By implementing lock-up mechanisms, vesting ensures gradual distribution, helping maintain price stability.

However, large token releases can lead to an increased supply that, if not met with adequate market demand, may cause prices to decline. Aptos and Arbitrum, being leading projects, might see increased trading activity post-unlock.

In CONX’s scenario, with its unlock surpassing its existing circulating supply, concerns arise regarding the market’s ability to handle this significant new liquidity.

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