5 Key Token Unlocks to Monitor in March's Second Week

Token unlocks play a crucial role in the cryptocurrency ecosystem by introducing previously locked tokens into the market. This process can substantially affect liquidity, price movements, and overall market sentiment.

Here's a look at the five most significant token unlocks to keep an eye on this week.

1. Xai (XAI)

• Unlock Date: March 9
• Tokens Unlocking: 35.89 million XAI (1.44% of the maximum supply)
• Current Circulating Supply: 1.06 billion XAI

Xai operates as a Layer 3 gaming blockchain that utilizes Ethereum's robust security (Layer 1) and Arbitrum's scalability (Layer 2), enabling players to own, trade, and use in-game assets across various titles. The unlock of 35.89 million XAI tokens, worth around $2.62 million, will see 17.33 million tokens allocated to investors while 11.9 million will go to the development team.

With gaming blockchains on the rise, this unlock could significantly influence Xai's liquidity and trading landscape.

2. Moca Network (MOCA)

• Unlock Date: March 11
• Tokens Unlocking: 178.51 million MOCA (2.01% of the maximum supply)
• Current Circulating Supply: 1.91 billion MOCA

Moca Network serves as a digital identity framework facilitating seamless asset management in both Web2 and Web3 environments. The unlock of 178.51 million MOCA tokens, valued at approximately $17.36 million, represents about 9.34% of its market capitalization, with the majority allocated for network incentives.

This substantial unlocking, especially for liquidity purposes, could affect MOCA's supply dynamics significantly.

3. Delysium (AGI)

• Unlock Date: March 11
• Tokens Unlocking: 66.48 million AGI (2.22% of the maximum supply)
• Current Circulating Supply: 1.53 billion AGI

Delysium aims to build a virtual environment where AI and humans interact, with AGI as the currency driving this ecosystem's development. On March 11, 66.48 million AGI tokens (worth $3.78 million) will unlock, with allocations for the treasury and team among the distribution.

4. Cheelee (CHEEL)

• Unlock Date: March 10
• Tokens Unlocking: 2.67 million CHEEL (0.27% of the maximum supply)
• Current Circulating Supply: 56.8 million CHEEL

Cheelee is a blockchain-based short video platform that incorporates GameFi elements to compensate users for their engagement. The upcoming unlock of 2.67 million CHEEL tokens is valued at $20.62 million, with a significant portion allocated to enhance liquidity.

5. Xave (XAV)

• Unlock Date: March 11
• Tokens Unlocking: 279.18 million XAV (2.79% of the maximum supply)
• Current Circulating Supply: 201,950 XAV (self-reported)

Xave focuses on decentralized foreign exchange markets, improving stablecoin liquidity through an automated market maker system. The unlock on March 11 will release 279.18 million XAV tokens, primarily for the team, investors, treasury, and to increase liquidity for decentralized and centralized exchanges.

As this unlock significantly exceeds the reported circulating supply, it may lead to increased market volatility.

In summary, this week's token unlocks will release over $44 million worth of new tokens into the market, making it imperative for investors to monitor these developments for potential price changes and liquidity alterations.