For comparison, token unlock volumes in previous months averaged around $2–3 billion. This means the March supply inflow is almost double recent levels.
The largest share of upcoming unlocks comes from the crypto exchange WhiteBit. On March 13, the platform is set to release approximately 81.5 million tokens. At the current price of $48.57, their total value is close to $4 billion, which corresponds to roughly 38% of the token’s total market capitalization.
The second-largest unlock comes from RAIN. The decentralized prediction market plans to bring around 37.4 billion tokens into circulation on March 10, representing a value of approximately $342 million at current prices.
Hyperliquid will also contribute a sizable amount of new supply. The project is set to distribute nearly 10 million HYPE tokens with a total value of about $305 million. These tokens are allocated to early supporters and participants of the network.
In the crypto industry, a token unlock refers to the release of previously locked tokens, making them freely tradable on the market for the first time. Such tokens are typically distributed to project teams, investors, or early backers. Because unlocks increase the circulating supply, they often create short-term selling pressure and price weakness. However, the actual market impact depends heavily on overall market conditions, investor expectations, and demand, and can vary significantly from one project to another.
