$438 Million in Token Unlocks Are Scheduled This Week: The Full Breakdown

More than $438 million in token unlocks are scheduled between March 16 and March 23, 2026, according to Tokenomist data, spanning both cliff unlocks and linear releases across sixteen assets.

The Cliff Unlocks

Cliff unlocks are single large releases that hit the market all at once rather than gradually. Seven tokens are scheduled for cliff unlocks exceeding $5 million each this week.

ZRO leads the cliff unlock list with 25.71 million tokens worth $55.53 million, representing 5.64% of its adjusted released supply. RIVER follows with 2.03 million tokens valued at $46.47 million, equal to 4.44% of adjusted supply. BARD unlocks 32.40 million tokens worth $35.03 million, the largest percentage release on the cliff list at 12.01% of adjusted supply.

ARB releases 96 million tokens worth $10 million, though its 1.85% supply impact is relatively modest given its large circulating base. MBG unlocks 27.15 million tokens at $9.42 million, representing 9.71% of supply. YZY releases 20.83 million tokens worth $6.80 million at 4.90% of supply. KAITO unlocks 17.60 million tokens valued at $6.45 million, representing 5.19% of supply.

The Linear Unlocks

Linear unlocks release tokens gradually on a daily basis rather than in a single event, but several carry daily release rates exceeding $1 million throughout the week.

RAIN tops the linear list with 9.47 billion tokens unlocking at a total weekly value of $86.51 million, representing 1.98% of circulating supply. RIVER appears on both lists, with its linear component adding $46.47 million at 10.34% of circulating supply. SOL releases 472,330 tokens worth $43.80 million, though its 0.08% circulating supply impact is negligible given Solana’s scale. CC unlocks 191.71 million tokens at $28.89 million.

TRUMP releases 6.33 million tokens worth $25.63 million at 2.72% of supply. WLD unlocks 37.23 million tokens valued at $13.64 million. DOGE releases 97.15 million tokens at $9.51 million, though at only 0.06% of its enormous circulating supply the impact is minimal. ASTER unlocks 10.28 million tokens worth $7.39 million. TAO releases 25,200 tokens valued at $7.13 million.

What the Totals Mean for Markets

The $438 million combined figure represents potential sell-side pressure entering the market across the week. Token unlocks do not automatically translate to selling. Recipients of unlocked tokens include early investors, team members, and ecosystem funds, each with different liquidity motivations and lockup obligations beyond the technical unlock date.

The tokens with the highest percentage supply impacts are the most worth watching. BARD at 12.01%, RIVER at 10.34% on its linear component, and MBG at 9.71% represent the largest proportional additions to circulating supply. Large percentage unlocks in smaller cap tokens can move prices more significantly than larger dollar value unlocks in assets with deeper liquidity.

The timing coincides with the Federal Reserve meeting on March 17 to 18 covered in the macro outlook earlier this week. Unlock-driven selling pressure landing alongside a potentially market-moving policy decision creates a more complex risk environment than either factor would represent independently.

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