Token unlocking is a key event in the crypto market, releasing previously restricted tokens in a circular fashion. These unlocks can affect liquidity, price action, and overall market sentiment.
Below are the top 5 token unlocks to watch this week.
1. Xai (Xai)
- Unlock date: March 9th
- Number of tokens to unlock: 35.89 million xai (1.44% of maximum supply)
- Current circulation supply: 10.6 billion Xai
Xai is a Layer 3 Game Blockchain that utilizes Ethereum’s security (Layer 1) and Arbitrum’s scalability (Layer 2). Gamers can seamlessly own, trade and utilize in-game assets across multiple titles.
On March 9th, the Xai network unlocked 3589 million Xai tokens, worth around $2.62 million. The network allocates the largest portion of this unlock to investors to approximately 17.33 million xai tokens. Additionally, 11.9 million tokens will be given for the team.
Meanwhile, the rest is allocated to the Xai ecosystem and reserves.
Unlock xai. Source: Cryptorank
With the game-centric blockchain gaining momentum, this lock could affect Xai’s liquidity and trading dynamics.
2. MOCA Network (MOCA)
- Unlock date: March 11th
- Number of tokens to unlock: 178.51 million mocha (2.01% of maximum supply)
- Current circulation supply: 19.1 billion mocha
MOCA Networks are digital identity infrastructures that enable seamless asset management across the Web2 and Web3 ecosystems. MOCA enhances Defi and Consumer Services as utility tokens.
The unlocking of the upcoming 17851 million mocha tokens (valued at $17.36 million) represents 9.34% of the market capitalization. The largest distribution, approximately 932 million mochas, is allocated to network incentives.
Most importantly, the network allocates 37.04 million tokens for liquidity and 3333 million for the ecosystem. The network reserves the rest for operational costs.
Unlocking the MOCA network. Source: Cryptorank
This unlocking could affect MOCA supply dynamics, as a significant portion is moving towards network incentives and liquidity.
3. Diridium (AGI)
- Unlock date: March 11th
- Number of tokens to unlock: 66.48 million AGI (2.22% of maximum supply)
- Current circulation supply: 1.5 billion AGI
Delysium is a blockchain-driven AI platform designed to create virtual worlds where AI and humans coexist. Growth of its native tokens, AGIs and fuel ecosystems.
On March 11th, the platform will unlock 66.48 million AGI tokens (worth $3.78 million). Delysium will be allocated 34.37 million AGIs for treasure, 24 million for teams, and the rest will be allocated for strategic sales.
Delysium (AGI) unlocked. Source: Cryptorank
4. Cheera (chill)
- Unlock date: March 10th
- Number of tokens to unlock: 2.67 million chills (0.27% of maximum supply)
- Current circulation supply: 56.8 million tees
Cheelee is a short blockchain-based video platform that incorporates GameFi elements and rewards users with their content. The platform uses native tokens, tel for governance, NFT upgrades, and in-app transactions.
Future unlocks will consist of 2.67 million chill tokens (worth $2,062 million). The network allocates the majority of these tokens (2.64 million) for liquidity, and only a small portion is distributed as community airdrops.
Cheery tokens will be unlocked. Source: Cryptorank
Liquidity allocations tend to ease trading terms, so unlocking this lock could add a market depth for the steel.
5. Theme (think)
- Unlock date: March 11th
- Number of tokens to unlock: 279.18 million XAV (2.79% of maximum supply)
- Current circulation supply: 201,950 XAV (self-reported)
Xave is a Defi platform focused on the decentralized Forex (FX) market. Increases Stablecoin liquidity through an automated market maker (AMM) model.
On March 11th, the network will unlock 279.18 million Xav tokens. Xave concentrates distributions primarily on teams, investors and the Ministry of Finance.
The Xave protocol will also add around 4.06 million tokens to DEX and CEX liquidity, and an additional 6.19 million tokens as liquidity provider rewards.
Unlock Xave token. Source: Cryptorank
With a large unlock compared to reported circular supply, Xav’s market performance could experience increased volatility.
Overall, this week’s unlock will introduce more than $44 million in new tokens to the market. Monitoring these releases will help traders and investors assess potential price fluctuations and liquidity changes.
