Crypto traders brace for over $428m in token unlocks this week, including SOL, WLD, and OM

According to Tokenomist, more than $428 million worth of tokens will be unlocked in the crypto space between March 18 and March 24.

Tokenomist has outlined the upcoming token unlock schedule, which will include a mix of cliff unlocks and linear releases. The cliff unlock will involve the release of a large amount of tokens at once, while the linear unlock will see tokens distributed gradually over the course of a week.

Notably, the most significant token unlock will be Polyhedra Network (ZKJ), which is set to release 15.53 million ZKJ tokens on March 19 at 12:00 UTC, representing approximately 25.72% of its circulating supply.

A day earlier, FastToken will release 20 million FTN tokens worth $79.8 million, representing 4.6% of its total supply, while AI-focused QuantixAI will release QAI tokens worth approximately $41.71 million on the same day.

Other projects include Metaverse Genesis, which will release 10 million MRS tokens worth about $100 million, MANTRA will release 5 million OM tokens worth $34.5 million, and Melania Meme will release 26.25 million tokens worth $17.9 million during this period.

Meanwhile, the big-name projects that will take on the big guys are Worldcoin, Celestia, and Dogecoin, which will unload tokens worth $8.58 million, $4.55 million, $3.4 million, $2.61 million, and $2.38 million per day.

While these unlocks help control the release of new tokens into circulation, and prevent mass selling by early investors or project groups, the process often puts short-term pressure on prices.

At the time of writing, SOL is down 6%; TIA, WLD, and DOGE also declined, while OM reversed the trend with a 4.7% gain.

The upcoming token unlock comes at a time when broader market turmoil is already underway. Escalating trade tensions between the US and China, fueled by Trump’s latest tariffs, have fueled fears of a global recession, making investors cautious of risk assets like cryptocurrencies.

Furthermore, the Fed’s hawkish stance on interest rates amid inflation concerns further adds to the uncertainty.

At the time of writing, the total cryptocurrency market capitalization has fallen by more than 3% to $2.81 trillion in the past 24 hours.