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In March 2023, a significant number of “unlock tokens” are anticipated. The price of the relevant cryptocurrency may generally suffer as a result of this phenomenon. The top 5 unlock tokens to watch out for in March 2023 are listed below.
5 ‘unlock tokens’ to be aware of.
Some projects have not yet unlocked all of their outstanding tokens, as we had already mentioned in an earlier article. In fact, it is typical to lock a portion of the tokens at a cryptocurrency launch before releasing them over the following months. “Tokens unlock” is what this is known as.
This mechanism has the potential to, though not always, put downward pressure on the price of cryptocurrency. It is crucial to watch these events because investors frequently take profits during them.
During the month of March, new tokens worth about $700 million will enter circulation. In this sense, we propose you to observe together the 5 biggest unlock tokens to come in March 2023.
