This week, Aptos, Arbitrum, and APE will see token unlocks worth tens of millions of dollars. The most important event to watch out for is the Arbitrum (ARB) token unlock on March 16, as it will be the project’s first large-scale unlock since its launch.
According to Token Unlock data, this unlock is expected to release 1.11 billion ARB tokens, with a total value of over $2.3 billion at the current price. Of this, investor unlocks are worth approximately $890 million, while team and advisor unlocks account for around $1.37 billion.
Such a massive sell-off poses significant uncertainty for investors, as evidenced by the poor performance of ARB in the high market value L2 token sector in the past week, with little to no significant gains. This indicates that investors in the market are all waiting for the upcoming token unlock event on March 16.
(This article is authorized and reproduced from GT Radar.)
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