Arbitrum, a prominent Layer-2 blockchain network, is scheduled to release $2.32 billion worth of vested Arbitrum (ARB) tokens on March 16.
According to data from Token Unlocks, approximately 1.1 billion locked ARB tokens will be released, constituting 76% of the circulating supply. Of this, 673.5 million tokens, valued at $1.41 billion, will be unlocked for the team and advisers. Additionally, 438.25 million tokens, worth approximately $915 million, will be released to investors.
This release follows a “Cliff Unlock” approach, where all tokens are withheld until the specified unlock date, after which a substantial portion is released into circulation.
Anticipation surrounds the potential impact of the token release on ARB prices. Some community members foresee short positions being taken against the token, while others have already sold their holdings in anticipation of the unlock.
Crypto influencer JJcycles offers a contrasting view, drawing parallels between ARB’s unlock and a previous token release by Solana (SOL). Instead of a price decline, SOL witnessed a surge post-unlock, contrary to market expectations.
Several other projects are also slated to unlock tokens this week. Aptos (APT) will unlock approximately 24 million tokens worth $329 million on March 13, with allocations for its foundation, community, contributors, and investors.
Projects like ApeCoin (APE), Flow (FLOW), CyberConnect, Moonbeam, and Euler are set to release vested tokens this week, totaling around $53 million in digital assets.
The collective value of tokens unlocked this week is estimated to be around $2.7 billion, highlighting a significant event within the crypto space.
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