Crypto Market Faces Large-Scale Token Unlocks Worth Over $438 Million

A large-scale token unlock event is scheduled for the crypto market between March 16 and 23, with a total value of over $438 million.

The largest volumes are expected to come from LayerZero (ZRO) and Arbitrum (ARB), according to analytics platform Tokenomist.

Both cliff unlocks and gradual linear unlocks are scheduled throughout the week, affecting more than a dozen crypto projects.

Cliff unlocks increase the supply of tokens on the market, which can add pressure to asset prices. Investors typically pay attention to these events, especially if they represent a significant share of the circulating supply.

LayerZero (ZRO) will unlock 25.71 million tokens worth around $55.53 million, representing 5.64% of its already issued supply. Arbitrum (ARB) will unlock 96 million tokens, although their value is estimated at about $10 million due to current prices.

In addition to cliff unlocks, linear unlocks will add over $260 million in new supply during the week. The RAIN project will lead in volume, with daily unlocks totaling around $86.51 million.