Token unlocks play a crucial role in the crypto market, releasing previously restricted tokens into circulation, affecting liquidity, price, and market sentiment.
Below are the top five token unlocks to watch this week.
1. Xai (XAI)
- Unlock Date: March 9
- 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 leveraging Ethereum’s security (Layer 1) and Arbitrum’s scalability (Layer 2). It allows gamers to own, trade, and utilize in-game assets across multiple titles.
On March 9, the Xai network will unlock 35.89 million XAI tokens worth approximately $2.62 million. Most of this unlock, about 17.33 million tokens, is for investors, with 11.9 million for the team and the remainder for the ecosystem.
This unlock might influence Xai’s liquidity and trading dynamics as gaming-focused blockchains gain traction.
2. Moca Network (MOCA)
- Unlock Date: March 11
- 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 that enables asset management across Web2 and Web3, powering DeFi and consumer services with MOCA as the utility token.
The 178.51 million MOCA tokens to be unlocked, valued at $17.36 million, represent 9.34% of its market cap. The largest allocation, about 93.32 million tokens, is for network incentives, with 37.04 million for liquidity and 33.33 million for the ecosystem.
This unlock may significantly influence MOCA’s supply dynamics due to the allocations for network incentives and liquidity.
3. Delysium (AGI)
- Unlock Date: March 11
- Tokens to be Unlocked: 66.48 million AGI (2.22% of Max Supply)
- Current Circulating Supply: 1.53 billion AGI
Delysium is an AI-powered blockchain platform for creating a virtual world where AI and humans coexist. Its native token, AGI, supports ecosystem growth.
The unlock on March 11 will release 66.48 million AGI tokens, valued at $3.78 million, with 34.37 million allocated for the treasure, 24 million for the team, and the remainder for strategic sales.
4. Cheelee (CHEEL)
- Unlock Date: March 10
- 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 rewards users for content engagement through GameFi elements. Its native token, CHEEL, is utilized for governance, NFT upgrades, and in-app transactions.
The unlock consists of 2.67 million CHEEL tokens worth $20.62 million, with 2.64 million allocated for liquidity and a small portion for community airdrops.
This allocation for liquidity may enhance trading conditions for CHEEL.
5. Xave (XAV)
- Unlock Date: March 11
- Tokens to be Unlocked: 279.18 million XAV (2.79% of Max Supply)
- Current Circulating Supply: 201,950 XAV (self-reported)
Xave focuses on decentralized foreign exchange (FX) markets within the DeFi space and enhances stablecoin liquidity through an automated market maker (AMM) model.
On March 11, the network will unlock 279.18 million XAV tokens, primarily for the team, investors, and treasury. Xave also aims to add around 4.06 million tokens to DEX and CEX liquidity and 6.19 million for liquidity provider rewards.
Given the significant unlock relative to the current circulating supply, XAV may experience heightened market volatility.
Overall, this week’s token unlocks will inject over $44 million worth of new tokens into the market. Monitoring these events can help traders and investors anticipate potential price changes and liquidity shifts.
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