5 Token Unlocks to Watch for the Second Week of March
Token unlocking is a key event in the cryptocurrency market that limits previously to circulation. These unlocks affect liquidity, price action and overall market sentiment.
Here are the top five tokens to be unlocked for viewing this week.
1. xai(xai)
- Unlock date: March 9
- Number of tokens to be unlocked: 35.89 million XAI (1.44% of the maximum supply)
- Current circulating supply: 1.06 billion xai
XAI is a 3-layer gaming blockchain Take advantage of Ethereum’s security (Layer 1) and Scalability of Arbitration (Layer 2). It allows gamers to seamlessly own, trade and utilize multiple titles in-game assets.
On March 9, the XAI network will unlock 35.89 million XAI tokens, worth approximately US$2.62 million. The network will allocate the maximum unlocked portion to investors about 17.33 million XAI tokens. Additionally, the team will have 11.9 million tokens.
Meanwhile, the rest will be allocated to the XAI ecosystem and reserves.
As game-centric blockchain gains momentum, this unlocking could affect Xai’s liquidity and trading dynamics.
2. MOCA Network (MOCA)
- Unlock date: March 11
- Number of tokens to be unlocked: 178.51 million MOCA (2.01% of maximum supply)
- Current circulating supply: 19.1 billion MOCA
MOCA network is a digital identity infrastructure Enable seamless asset management on the Web2 and Web3 ecosystems. It provides power to Defi and consumer services to use MOCA as its utility token.
The unlocking of the upcoming 175.1 million MOCA tokens (worth $17.36 million) accounts for 9.34% of its market cap. The largest distribution is approximately 9.32 million MOCA, which will be distributed for network incentives.
Most importantly, the network will allocate 37.04 million tokens to liquidity and 33.33 million tokens to the ecosystem. The network will retain the remaining operating expenses.
As a large portion of the move towards cyber incentives and liquidity, this unlocking could impact MOCA’s supply dynamics.
3.
- Unlock date: March 11
- Number of tokens to be unlocked: 66.48 million AGI (2.22% of the maximum supply)
- Current circulating supply: 1.53 billion AGI
p is a Blockchain-powered AI platform The purpose is to create a virtual world in which AI and humans coexist. Its local token AGI, the growth of the fuel ecosystem.
On March 11, the platform will unlock 66.48 million AGI tokens (worth $3.78 million). Delysium will allocate 34.37 million AGI to the treasure for 24 million, with the rest for strategic sales.
4. Cheelae (cheel)
- Unlock date: March 10
- Number of tokens to be unlocked: 2.67 million Cheels (0.27% of maximum supply)
- Current circulating supply: 56.8 million Cheel
Cheelee is a blockchain-based short video platform This combines GameFI elements and rewards users for participating in content. The platform uses its local token Cheel for governance, NFT upgrades and in-app transactions.
The upcoming unlock includes 2.67 million Cheel tokens (worth $20.62 million). The network will use most of these tokens (2.64 million) for liquidity, and only a small portion will be allocated as community airdrops.
Since liquidity allocation tends to mitigate trading conditions, this unlocking may provide Cheel with additional market depth.
5. Topic (thinking)
- Unlock date: March 11
- Number of tokens to be unlocked: 279.18 million XAV (2.79% of maximum supply)
- Current circulating supply: 201,950 Xav (Self-report)
Xave is a Defi platform focused on the diversified forex (FX) market. It enhances Stablecoin’s liquidity through the automated market makers (AMM) model.
On March 11, the network will unlock 279.18 million XAV tokens. Xave will be largely assigned to teams, investors and the Treasury.
In addition, the XAVE protocol will add approximately 40.6 million tokens to DEX and CEX liquidity, with an additional 6.19 million tokens as a reward for liquidity providers.
Compared to reported cyclic supply, the market performance of XAV may increase volatility.
Overall, this week’s unlock will launch new tokens worth more than $44 million to the market. Monitoring these distributions can help traders and investors assess potential price volatility and liquidity transfers.
Posts 5 Token unlocking should be paid attention to the second week of March Appear first Beincrypto.
