Arbitrum (Arb) Token Unlock Scheduled For This Week.

Token Unlocks Highlights Arbitrum's Mass Token Release on a Specific Date.

Layer-2 blockchain network Arbitrum is preparing to unlock locked Arbitrum (ARB) tokens worth $2.32 billion on March 16th.

According to data from Token Unlocks, Arbitrum will release approximately 1.1 billion ARB tokens. This accounts for approximately 76% of the total circulating supply of the token and is valued at $2.32 billion at the time of writing.

Arbitrum will make available 673.5 million tokens (worth approximately $1.41 billion at current prices) for its team and advisors. Additionally, it will release about 438.25 million tokens valued at approximately $915 million for its investors. Token Unlocks highlighted that this release will be a "Cliff Unlock," meaning that no tokens will be released until the specified unlock date, referred to as the "cliff." On the designated release day, a bulk amount of tokens will be introduced to the market.

As the plan to unlock a significant amount of tokens proceeds, members of the crypto community are anticipating changes in the ARB token prices. While some community members believe they will take short positions against the token on March 16, others claim to have already sold their tokens in anticipation of the effects of the upcoming unlock.

On X platform, crypto influencer JJcycles offered a different perspective. The trader compared the unlocking of ARB tokens to a token unlock that occurred during the previous cycle by Solana. JJcycles noted that Solana's token price actually increased after the release of vested tokens, contrary to the expected price drop.

In addition to Arbitrum, several other projects are expected to release their tokens this week. Aptos will launch approximately 24 million Aptos tokens worth around $329 million on March 13th. This represents approximately 6.73% of the project's current circulating supply. The project has allocated these tokens for the foundation, community, core participants, and investors.

Meanwhile, projects like ApeCoin, Flow, CyberConnect, Moonbeam, and Euler are also set to release vested tokens this week. These projects will unlock approximately $53 million worth of vested digital assets. This indicates a total unlocking amount of around $2.7 billion for this week.