Token unlocks is a significant event that could affect the market. As per CryptoRank.io, Hedear is the winner
According to CryptoRank.io, March would see a token unlock. The event could affect the movement in the crypto market as generally it is considered bearish as increase the total token circulation.
But, experts believed that short-term volatility brings long-term growth in tokens.
Here is the list of the Top 7 Tokens
The Hedera network topped the list with 3.14 billion HBAR token unlocks or 6.28% of its total supply. At present, the total circulating supply is about 15 billion. Out of this 50.61% is available, while 49.39% of the tokens are still locked.
Apecoin
On March 17, Apecoin will unlock 40.6 million tokens, or 4.06% of the total supply. Apecoin will keep releasing tokens monthly till March 2026 reportedly.
BitDAO
BitDAO will unlock 187.5 million tokens on March 15, 1.95% of the total supply. The total circulating amount is around 2.09 billion, with 31.2% locked. Next, the token planning to unlock tokens each month till June 2024.
APT and DYDX bags 4th and 5th slot
Aptos (APT) planning to unlock 6.50 million of its tokens on March 12, 0.45% or the token supply.
Dxdy(DYDX) will unlock tokens on March 14 for 6.53 million tokens. The total number of tokens yet to get unlocked is 70.3%.
ImmutableX’s (IMX) token is scheduled to unlock on March 25 for 18 million tokens.
Lastly, Acala (ACA) Network planning to unlock on March 1 32.05 million tokens, worth 3.21% based on the token’s value at $0.14
