About $650M in token unlocks scheduled for March

Feb. 28, 2023 at 9:57 pm

By Zeynep Geylan

Unlocks scheduled for the first day of March are set to release a total of $224 million worth of tokens, accounting for over 34% of the monthly amount.

Eighteen projects scheduled their unlocks to take place in March, which will release about $650 million worth of tokens into circulation, according to Token Unlocks data.

Of these 18, six projects will unlock their tokens on the first day of the month. Over $224.7 million worth of assets will be released into the market on the first day, which accounts for 34.5% of the total amount to be unlocked during March.

Unlocks scheduled for March 1

Euler (EUL), STEPN (GMT), Hedera (HBAR), Acala (ACA), 1inch (1INCH), and Galxe (GAL) will unlock their tokens on the first day of the month.

HBAR unlock will be the largest one during March. On the first day of the month, the project will release over 3 million HBAR tokens worth over $218 million.

EUL will go under a cliff unlock, releasing $201,600 worth of EUL each day until the total amount reaches $885,368. Similarly, GMT will release $221,932 daily with a linear unlock schedule.

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