TL;DR
- This week, three major crypto projects, Polyhedra Network (ZKJ), Manta Network (MANTA), and Bubblemaps (BMT), will release more than $34 million in tokens.
- Polyhedra Network leads with a $31.38 million unlock, followed by MANTA with $3.34 million, and BMT with daily token releases.
- These events could significantly impact liquidity, price volatility, and market stability in the short term.
The release of restricted tokens, known as a “token unlock,” is a key event in the crypto market as it has a direct impact on liquidity and price volatility. This week, three prominent projects, Polyhedra Network, Manta Network, and Bubblemaps, will announce the release of millions of tokens into circulation, potentially causing market shifts.
Polyhedra Network (ZKJ): The Leader of the Week
On March 19, Polyhedra Network will unlock 15.50 million ZKJ tokens, worth $31.38 million. This represents approximately 1.55% of the total ZKJ supply and 25.7% of its market capitalization. Focused on Web3 interoperability and scalability, Polyhedra has also allocated these tokens across various areas: network incentives (8.47 million), community and marketing (2.61 million), and the foundation (3.61 million). Given the scale of this unlock, we are likely to see a significant increase in market liquidity.
Manta Network (MANTA): Impact on Market Sentiment
On March 18, Manta Network will release 13.63 million MANTA tokens, valued at $3.34 million. Although this represents only 1.36% of the total supply, the distribution of these tokens could affect investor sentiment, especially since 42.5% of the total supply remains locked. Manta is known for its ZK technology, which focuses on privacy and scalability, and its tokens are essential for transactions and governance within its ecosystem.
Bubblemaps (BMT): Daily Unlock, Gradual Impact
Bubblemaps, an innovative blockchain analytics project, has started releasing tokens on a daily basis. With a total of 884.16K BMT tokens unlocked each day, this gradual release is designed to prevent sudden market disruptions. While the unlock process is slower, the total number of tokens being released remains significant. Bubblemaps is currently in an expansion phase, with a platform that has garnered considerable attention in the crypto ecosystem.
In total, more than $34 million in tokens will be released this week. The combination of these three events could alter liquidity and price volatility in the short term. Traders and investors should keep an eye on fluctuations, as these unlocks may signal short-term price trends but also reflect the long-term evolution and stability of the respective ecosystems.
