Crypto News- On March 16, Arbitrum’s Layer-2 blockchain network is poised to unleash a staggering $2.32 billion worth of vested ARB tokens. According to Token Unlocks, approximately 1.1 billion ARB tokens will be liberated, constituting around 76% of the token’s circulating supply.
Divided further, 673.5 million tokens, valued at roughly $1.41 billion, will be allotted for Arbitrum’s team and advisers, while investors will witness the release of 438.25 million tokens, totaling approximately $915 million.
Arbitrum Set to Unleash 2.32B Dollars in Vested Tokens Come March 16
This anticipated event, labeled a ‘Cliff Unlock,’ signifies a substantial release of tokens into the market at the specified unlock date, eliciting speculation within the crypto community. Predictions range from short positions against the token to potential price surges, drawing parallels with Solana’s past token unlock cycle.
In addition to the eagerly awaited release of Arbitrum tokens, the cryptocurrency landscape braces for a significant influx of unlocked digital assets from various projects. Alongside Arbitrum, prominent names such as Aptos, ApeCoin, Flow, CyberConnect, Moonbeam, and Euler are all scheduled to unfurl their tokens into the market this week.
The collective release of tokens from these projects is anticipated to total around $2.7 billion, marking a substantial injection of liquidity and potential market impact. As investors and enthusiasts closely monitor these developments, the week ahead promises to be pivotal in shaping the trajectory of these respective projects and the broader crypto market dynamics.
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