5 Token Unlocks to Watch for the Second Week of March

Token unlocks are key events in the crypto market, releasing previously restricted tokens into circulation. These unlocks can impact liquidity, price action, and overall market sentiment. 

Below are the top five token unlocks to watch this week.

1. Xai (XAI)

• Unlock Date: March 9
• Number of Tokens to be Unlocked: 35.89 million XAI (1.44% of Max Supply)
• Current Circulating Supply: 1.06 billion XAI

Xai is a Layer 3 gaming blockchain that leverages Ethereum’s security (Layer 1) and Arbitrum’s scalability (Layer 2). It allows gamers to seamlessly own, trade, and utilize in-game assets across multiple titles.

On March 9, the Xai network will unlock 35.89 million XAI tokens, valued at approximately $2.62 million. The network will allocate the largest portion of this unlock, around 17.33 million XAI tokens, to investors. Also, 11.9 million tokens will be for the team.

Meanwhile, the rest will be allocated to the Xai ecosystem and reserve. 

Xai Unlock. Source: Cryptorank

With gaming-focused blockchains gaining momentum, this unlock could influence 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 Max Supply)
• Current Circulating Supply: 1.91 billion MOCA

Moca Network is a digital identity infrastructure enabling seamless asset management across Web2 and Web3 ecosystems. It powers DeFi and consumer services, with MOCA as its utility token.

The upcoming unlock of 178.51 million MOCA tokens (valued at $17.36 million) represents 9.34% of its market cap. The largest distribution, around 93.32 million MOCA, will be allocated for network incentives. 

Most importantly, the network will allocate 37.04 million tokens for liquidity and 33.33 million for the ecosystem. The network will reserve the rest for operational expenses. 

Moca Network Unlock. Source: Cryptorank

With a significant portion going towards network incentives and liquidity, this unlock may impact MOCA’s supply dynamics.

3. Delysium (AGI)

• Unlock Date: March 11
• Number of Tokens to be Unlocked: 66.48 million AGI (2.22% of Max Supply)
• Current Circulating Supply: 1.53 billion AGI

Delysium is a blockchain-powered AI platform designed to create a virtual world where AI and humans coexist. Its native token, AGI, fuels ecosystem growth.

On March 11, the platform will unlock 66.48 million AGI tokens (valued at $3.78 million). Delysium will allocate 34.37 million AGI for the treasure, 24 million for the team, and the rest for strategic sales. 

Delysium (AGI) Unlock. Source: Cryptorank

4. Cheelee (CHEEL)

• Unlock Date: March 10
• Number of Tokens to be Unlocked: 2.67 million CHEEL (0.27% of Max Supply)
• Current Circulating Supply: 56.8 million CHEEL

Cheelee is a blockchain-based short video platform that incorporates GameFi elements, rewarding users for engaging with content. The platform uses its native token, CHEEL, for governance, NFT upgrades, and in-app transactions.

The upcoming unlock consists of 2.67 million CHEEL tokens (valued at $20.62 million). The network will allocate the majority of these tokens (2.64 million) for liquidity, and only a small portion will be distributed as community airdrops. 

Cheelee Token Unlock. Source: Cryptorank

As liquidity allocations tend to ease trading conditions, this unlock may provide additional market depth for CHEEL.

5. Xave (XAV)

• Unlock Date: March 11
• Number of Tokens to be Unlocked: 279.18 million XAV (2.79% of Max Supply)
• Current Circulating Supply: 201,950 XAV (self-reported)

Xave is a DeFi platform focused on decentralized foreign exchange (FX) markets. It enhances stablecoin liquidity through an automated market maker (AMM) model.

On March 11, the network will unlock 279.18 million XAV tokens. Xave will largely focus distribution to the team, investors, and treasury.

Also, the Xave protocol will add around 4.06 million tokens to DEX and CEX liquidity and another 6.19 million as rewards for liquidity providers. 

Xave Token Unlock. Source: Cryptorank

With a large unlock relative to the reported circulating supply, XAV’s market performance may experience heightened volatility.

Overall, this week’s unlocks will introduce over $44 million worth of new tokens into the market. Monitoring these releases can help traders and investors assess potential price fluctuations and liquidity shifts.

The post 5 Token Unlocks to Watch for the Second Week of March appeared first on BeInCrypto.