Arbitrum’s Dominance Grows: Token Supply Set to Double in March Unlock Event

Crypto News- Arbitrum emerges as the frontrunner in this month’s token unlocks, marking a pivotal moment since its initial airdrop. The impending unlock is poised to double the circulating supply of this asset.

Arbitrum’s Dominance Grows: Token Supply Set to Double in March Unlock Event

Data on Token Unlocks indicates that the project is gearing up to release over 1 billion ARB tokens, accounting for a whopping 87% of its existing circulating supply, by March 16. This influx is estimated to be valued at approximately $2.2 billion based on current market rates.

Breaking down the unlock, the project’s core team and advisors are slated to receive 673.5 million ARB tokens, while investors in the layer2 network anticipate 438.25 million ARB tokens.

Crypto Unlock Event: 3 Billion Dollars + Tokens to Be Unlocked in March, Including Arbitrum’s Major Release

Tran Hoan, founder of venture capital firm Capybara Investments, describes the unlock as “massive.” He notes that such a substantial release may not necessarily induce immediate selling pressure on the market, as major investors and the project team typically exercise restraint.

According to Hoan: “Not all tokens will flood the market immediately. Major investors don’t operate that way. Considering the potential for substantial growth ahead, it might not be wise to offload tokens now. However, there may come a point where the market becomes cautious of a large unlock, which could exert pressure on the token price.”

Arbitrum stands as the largest Ethereum-based layer2 network, with the total value of assets locked on the network estimated at approximately $14 billion, according to L2beats data.

Other Notable Unlocks:

• Aptos is set to introduce 24.84 million APT tokens, constituting 6.76% of its circulating supply, by March 13. This unlock carries an estimated value of $290 million as of press time.
• Throughout the year, the Aptos team has unleashed over $450 million worth of digital assets into the market. Despite this, its price performance has seen a modest 25% increase year-to-date.
• Sui, another layer1 blockchain, is poised to unveil an additional 34.62 million units of SUI tokens, valued at $58.15 million, by March 3. Notably, the network has had new token releases since the beginning of the year.
• Optimism, a layer2 blockchain network built on Ethereum, is slated to release 24.16 million OP tokens by March 29, with the assets valued at over $90 million.

It’s worth noting that the project has injected approximately $166 million worth of assets into circulation since the beginning of the year.