Hedera leads in volume among upcoming token unlocks
Notable token unlocks affect the crypto market as they are considered bearish and show an increase in the total token in circulation.
Historically, with more tokens, there are more sellers than buyers; hence sellers have to sell lower, which causes a price drop. CryptoRank.io highlights the high-volume unlocks that will take place in March, including top tokens such as HBAR, APE and BIT.
Hedera leads in volume unlocked
The Hedera network, on Mar. 1, will unlock 3.14 billion HBAR tokens, 6.28% of its total supply. The total circulating supply on the platform is about 15 billion. Of this supply, about 50.61% is available, while 49.39% of the tokens are still locked.
Notably, the token is currently at $0.0723, translating the unlocked value to $3.16 billion.