Don't Buy These 3 Altcoins! (MASS CRYPTO UNLOCKS)

Hey there! Get ready to buckle up because March 2024 is shaping up to be a wild ride in the world of tokens. We’re talking about a staggering $2.919 billion worth of tokens being unleashed into the market, and that’s a whole lot more than what we’ve been seeing lately.

Why should you care? Well, let me break it down for you. When these tokens flood the market, it can have a big impact on prices. Think of it like this: more supply, same demand – it’s Economics 101. With all these tokens hitting the market, there’s a chance prices could take a tumble if demand doesn’t keep pace. So, get ready to dive into the biggest crypto unlocks of March 2024. Let’s roll!

1) ARB

Kicking off the list is a real heavyweight: Arbitrum. This unlock is a milestone for the project, tracing back to its initial airdrop. And now setting the stage for a significant surge in its circulating supply.

We’re talking about a potential doubling of the asset’s current circulating supply. Yep, you heard that right! More than 1 billion ARB tokens worth over $2 billion are about to hit the market. This makes up a whopping 87% of the existing circulating supply. And it’s all set to go down by March 16th.

Now, let’s break this down even further. The project’s core team and advisors are in line to receive a hefty portion of 673.5 million ARB tokens. Investors in the layer2 network are eagerly awaiting 438.25 million ARB tokens. Arbitrum isn’t just any old player in the crypto game. It’s the largest Ethereum-based layer2 network out there. 

And here’s an exciting tidbit. Robinhood recently jumped on the Arbitrum bandwagon, integrating it into their platform to offer users faster. And more cost-effective transactions, thanks to its Layer 2 technology.

Curious about the market performance? Well, ARB is currently trading at approximately $2.08. It has a market capitalization of around $3 billion.

But wait, there’s more! After the March 16 unlock, Arbitrum plans to steadily release tokens every four weeks for the next four years, as noted by Token Unlocks in a previous tweet.

2) APT

Next on the line, Aptos (APT) is gearing up for a major event this March. A whopping $289 million worth of APT tokens are set to be unleashed into the market on March 12th. That’s about 6.75% of its circulating supply, and it’s something to keep an eye on.

Let’s break it down. The foundation is slated to receive 1.33 million APT tokens valued at $15.52 million. The community will get their hands on 3.21 million APT tokens, totaling a value of $37.37 million. The project’s core contributors won’t be left out either. They’re in line for a hefty portion of 11.88 million APT tokens valued at a staggering $138.23 million. And let’s not forget about the investors – they’ll be receiving 8.42 million APT tokens valued at $98.05 million.

Currently, APT is trading at $13.40, with a market cap of over $4.94 billion. But here’s the kicker: how has Aptos reacted to previous token unlocks? Well, let’s take a look back. On January 12th, 2024, and December 12th, 2023, Aptos unlocked significant amounts of tokens. And the results weren’t all sunshine and rainbows. 

The price of APT tokens took a hit, plummeting by 17.94% and 14.10%, respectively. It’s something worth considering as we approach this upcoming unlock.

But Aptos isn’t just about token unlocks. It’s also making moves to expand its reach, particularly in Africa. Last month, Aptos partnered with Jambo to bridge Africans with global blockchain networks. It focuses on empowering individuals in developing countries through Web3 technology. As part of this partnership, they’re launching JamboPhone. That’s an affordable smartphone priced at $99, aimed at facilitating this connection.

So, as we gear up for this major unlock event, let’s keep a close watch on Aptos and see how it navigates through these exciting developments.

3) IMX

Our final unlock for this month is IMX. ImmutableX will unlock about 34 million IMX tokens worth around $112.43 million on March 22nd. Here’s how the allocation goes:

  • Private Sales: 8.66m IMX tokens.
  • Ecosystem Development: 15.91m IMX tokens. 
  • Project Development: 9.62m IMX tokens. 

The Immutable is a layer-two scaling solution. IMX is currently trading at $3.23. The coming unlock will most likely cause a slight shift in price. But that’s under probability. Let’s wrap this up with other major unlocks for March we have:

  • APE – $35.88M.
  • PIXEL– $29.24M.
  • OP – $106.30M.

Don’t forget to leave a comment letting us know what you think.


The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.


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