3 Token Unlocks for the Third Week of March
This week’s top token unlocks include ZKJ, MANTA, and BMT, with over $34M in tokens entering circulation, impacting liquidity and market trends.
Token unlocks are crucial events in the crypto market, influencing liquidity, price volatility, and overall investor sentiment.
This week, three major projects—Polyhedra Network (ZKJ), Manta Network (MANTA), and Bubblemaps (BMT)—are scheduled to release previously restricted tokens into circulation. Here’s what to watch for.
1. Polyhedra Network (ZKJ)
- Unlock Date: March 19
- Number of Tokens to be Unlocked: 15.50 million ZKJ (1.55% of Max Supply
- Current Circulating Supply: 60.3 million ZKJ
- Total supply: 1 Billion ZKJ
Polyhedra Network is a blockchain platform focused on Web3 interoperability and scalability. Its zkBridge technology enables secure cross-chain transactions, messaging, and NFT transfers.
On March 19, 15.50 million ZKJ tokens, worth $31.38 million, will be unlocked. The allocation includes 8.47 million tokens (2.65%) for network incentives. Community, airdrop, and marketing receive 2.61 million tokens (1.74%).
Also, foundation reserves will get 3.61 million tokens (2.41%). Token purchasers from the pre-TGE round receive 800K tokens (4.00%). This unlock equals 25.7% of ZKJ’s market cap, which may increase liquidity.
Polyhedra Token Unlock. Source:
Cryptorank
2. Manta Network (MANTA)
- Unlock Date: March 18
- Number of Tokens to be Unlocked: 13.63 million MANTA (1.36% of Max Supply)
- Current Circulating Supply: 393.7 million MANTA
- Total supply: 1 Billion MANTA
Manta Network is a modular blockchain that enhances privacy and scalability with zero-knowledge (ZK) technology. MANTA tokens support transactions, governance, and ecosystem development.
On March 18, 13.63 million tokens, worth $3.34 million, will be unlocked. The distribution includes 3.37 million tokens (1.59%) for ecosystem and community. The foundation receives 1.88 million tokens (1.39%). Private round investors get 3.50 million tokens (2.70%).
Advisors receive 1.87 million tokens (2.31%). Strategic allocations get 1.67 million tokens (2.70%). Institutional investors receive 1.35 million tokens (2.70%).
This unlock may impact sentiment as 42.5% of supply remains locked.
MANTA Token Unlock:
Cryptorank
3. Bubblemaps (BMT)
- Unlock Date: Ongoing (Daily Unlocks)
- Total supply: 1 Billion BMT
- Current Circulating Supply: 256.18 million
- Number of Tokens to be Unlocked: 884.16K BMT per day (0.09% of Max Supply)
Bubblemaps is a blockchain analytics platform that completed its TGE on Binance Wallet. Its initial sale aimed for 40 million BMT tokens at $0.02 each. The sale attracted 202,990 BNB, over 13,500% more than expected.
The project is unlocking 884.16K BMT tokens daily. BMT allocation includes 184.10K tokens (0.07%) for ecosystem and community. Airdrops receive 408.48K tokens (0.18%).
Liquidity provisions get 291.58K tokens (0.24%). The staggered unlock schedule reduces sudden supply shocks, but market impact remains uncertain.
Bubblemaps (BMT) Token Unlock. Source:
Cryptorank
With over $34 million worth of new tokens entering the market this week, these unlocks could impact liquidity and trading volumes across the respective ecosystems. Investors and traders should keep an eye on distribution patterns, as they can signal short-term price trends and long-term market stability.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Market Cap Surges by $1 Trillion in Nearly Four Months, 36x P/E Ratio Hits Highest Since 2008: Apple (AAPL.US) Earnings Leave No Room for Disappointment
Apple has reached its highest valuation since 2008 with a price-to-earnings ratio of 36, regaining the top spot globally with a market cap of $5.03 trillion. However, Wall Street remains cautious due to its high valuation and low growth, leaving little room for error in its earnings reports.
Quarterly refinancing statement due on Wednesday, U.S. Treasury market holds its breath for major signals
The U.S. Treasury will release its quarterly refinancing statement this Wednesday, and the market anticipates that this may be the largest adjustment to U.S. Treasury issuance guidance since the beginning of 2024. Citi even predicts that the Treasury might cut 20-year and 30-year bond issuances ahead of schedule, shifting to increase the supply of short- and medium-term bonds. However, with the proportion of Treasury bills already rising to 22%, the pressure from short-term financing and the demand for long-term borrowing are creating a dilemma for the adjustment of the issuance structure.
UBS Sees Buying Opportunity After Tech Stock Plunge: Market Underestimates AI Supercycle, Inflection Point for Returns May Come in 2027
UBS stated that after the recent AI pullback, the valuation of hyperscale data centers appears attractive, as the market expects the AI cycle to be shorter than it actually will be. Hyperscale data center operators may soon enter a phase where their significant investments in artificial intelligence begin to pay off. Gerry Fowler, UBS's Chief European Equity Strategist and Head of Derivatives, believes that a turning point may occur in 2027.
U.S. Stocks Preview | Three Major Index Futures Rise, WTI Crude Falls Below $100, Midterm Elections, Apple Earnings, and Nonfarm Payrolls All Coming This Week
On November 2 (Monday), before the US stock market opened, futures for the three major US stock indexes all rose.
Crypto prices
More
