Large token unlocks: the market expects a possible price decline
Next week, from March 10 to 16, a significant volume of tokens worth over $142 million will enter the crypto market. This may affect their price as investors fear a possible price dump.
Major unlocks
The largest inflows are expected from Aptos (APT), Arbitrum (ARB), and CONX:
Aptos (APT) – on March 12, tokens worth $40.5 million (1.15% of the total supply) will be released into circulation. After this unlock, 73.82% of the issuance will be in circulation.
Arbitrum (ARB) – will unlock $37.4 million, which will make up 2.10% of the issuance, bringing the total volume of available tokens to 67.05%.
CONX – on March 15, the project will add 1.3 million tokens worth $24.6 million, exceeding the current circulating supply (1.15 million tokens).
Also, on March 15, StarkNet (STRK) and Sei will unlock tokens worth $12 million and $12.5 million respectively.
How do unlocks affect the market?
Token lockups are initially intended to curb mass sell-offs by early investors; however, their gradual introduction to the market often leads to price declines.
This could especially affect CONX, as its unlocked volume exceeds the current supply. If demand cannot offset the increase in available assets, the token price may decline significantly.
