On March 16th, Arbitrum, a Layer-2 blockchain network, will release a significant number of its Arbitrum (ARB) tokens, valued at $2.32 billion. According to Token Unlocks, a digital asset tracker, approximately 1.1 billion ARB tokens, about 76% of the total circulating supply, will be made available.
Significant Unlock Event
A substantial portion of this release, specifically 673.5 million tokens valued at approximately $1.41 billion, is allocated for the Arbitrum team and advisors. Additionally, 438.25 million tokens, estimated to be worth around $915 million, will be made available to investors in an event described as a 'Cliff Unlock'. This process involves no tokens being released until the unlock date, at which point a predetermined amount of tokens will be released to the market all at once.
The community is divided on the impact of this unlock. Some speculate on price fluctuations and potential short positions on March 16th, while others opt to sell their tokens early in anticipation of the release.
JJcycles' Perspective
Crypto influencer JJcycles provides an alternative view by referencing a previous token unlock by Solana, which contrary to expectations, resulted in a price increase following the release of the tokens.
Other projects are also poised to unlock tokens. For instance, Aptos will release approximately 24 million tokens on March 13th, valued at about $329 million, accounting for 6.73% of the current circulating supply. These are designated for the foundation, community, key contributors, and investors.
Additionally, projects such as ApeCoin, Flow, CyberConnect, Moonbeam, and Euler will release their vested tokens throughout the week, totaling about $53 million. This brings the total amount of unlocks for the week to nearly $2.7 billion.
