Top 3 Token Unlocks Impacting Crypto Markets This March

Token unlocks play a pivotal role in the cryptocurrency sector, affecting liquidity, price fluctuations, and overall investor confidence.

This week, we will witness token unlocks from three notable projects: Polyhedra Network (ZKJ), Manta Network (MANTA), and Bubblemaps (BMT). Let’s delve into each project and the implications of these unlocks.

1. Polyhedra Network (ZKJ)

• Unlock Date: March 19
• Token Unlock Volume: 15.50 million ZKJ (1.55% of Total Supply)
• Current Circulating Supply: 60.3 million ZKJ
• Total Supply: 1 Billion ZKJ

Polyhedra Network is dedicated to Web3 interoperability and scalability, utilizing zkBridge technology to enable secure cross-chain transactions, messaging, and NFT exchanges.

On March 19, an unlock of 15.50 million ZKJ tokens, approximately valued at $31.38 million, is anticipated. This allocation encompasses 8.47 million tokens (2.65%) for network incentives, while community, marketing, and airdrop initiatives receive an allocation of 2.61 million tokens (1.74%). Additionally, 3.61 million tokens (2.41%) will be allocated for foundation reserves, and token purchasers from the pre-TGE round will receive 800,000 tokens (4.00%). This substantial unlock represents 25.7% of ZKJ’s market capitalization and could enhance liquidity.

2. Manta Network (MANTA)

• Unlock Date: March 18
• Token Unlock Volume: 13.63 million MANTA (1.36% of Total Supply)
• Current Circulating Supply: 393.7 million MANTA
• Total Supply: 1 Billion MANTA

Manta Network, a modular blockchain, emphasizes enhanced privacy and scalability through zero-knowledge (ZK) technology. The MANTA token supports various functions, including transactions, governance, and ecosystem advancement.

On March 18, the unlocking of 13.63 million MANTA tokens, with an estimated worth of $3.34 million, is expected. Distribution will include 3.37 million tokens (1.59%) for community and ecosystem initiatives, with the foundation receiving 1.88 million tokens (1.39%). Private round investors are set to receive 3.50 million tokens (2.70%), while advisors will gain 1.87 million tokens (2.31%). Strategic allocations and institutional investors will receive 1.67 million tokens (2.70%) and 1.35 million tokens (2.70%), respectively. This unlock could influence market sentiment as 42.5% of the total supply remains locked.

3. Bubblemaps (BMT)

• Unlock Date: Ongoing (Daily Unlocks)
• Total Supply: 1 Billion BMT
• Current Circulating Supply: 256.18 million BMT
• Daily Unlock Volume: 884.16K BMT (0.09% of Total Supply)

Bubblemaps is an innovative blockchain analytics platform that recently concluded its TGE on Binance Wallet. Initially, it targeted the sale of 40 million BMT tokens at $0.02 each, garnering significant interest with 202,990 BNB raised, surpassing expectations by over 13,500%.

The ongoing daily release of 884.16K BMT tokens includes 184.10K tokens (0.07%) designated for community and ecosystem efforts, while airdrops will account for 408.48K tokens (0.18%). Additionally, liquidity provisions will receive 291.58K tokens (0.24%). This staggered unlocking strategy aims to minimize abrupt supply shocks, although its impact on the market is yet to be determined.

This week marks the infusion of over $34 million worth of tokens into the market, significantly impacting liquidity and trading volumes across the respective ecosystems. Investors and traders keenly observe distribution patterns, as these can indicate short-term price movements and long-term market stability.