This week, three major blockchain projects—Polyhedra Network (ZKJ), Manta Network (MANTA), and Bubblemaps (BMT)—will unlock a large amount of tokens into the market. The total value of the unlocked tokens is over $34 million, which could impact the liquidity and trading volume of these ecosystems. Here are the details investors should take note of.
Polyhedra Network (ZKJ) - Unlocking 15.50 million ZKJ on March 19
Polyhedra Network is a blockchain platform focused on Web3 interoperability and scalability with zkBridge technology, enabling secure cross-chain transactions, messaging, and NFT transfers.
On March 19, 15.50 million ZKJ tokens, worth approximately $31.38 million, will be unlocked, accounting for 1.55% of the maximum total supply. The specific allocation is as follows:
- 8.47 million ZKJ (2.65%) for network incentives
- 2.61 million ZKJ (1.74%) for community, airdrop, and marketing
- 3.61 million ZKJ (2.41%) for reserve funds
- 800,000 ZKJ (4.00%) unlocked for buyers from the previous TGE round
The current total circulating supply of ZKJ is 60.3 million, and this unlocking is equivalent to 25.7% of the market capitalization, which can significantly increase liquidity.
Manta Network (MANTA) - Unlocking 13.63 Million MANTA on March 18
Manta Network is a modular blockchain focused on privacy and scalability with Zero-Knowledge (ZK) technology. The MANTA token powers transactions, governance, and ecosystem development.
On March 18, 13.63 million MANTA, worth approximately $3.34 million, will be unlocked, representing 1.36% of the maximum total supply. The allocation includes:
- 3.37 million MANTA (1.59%) for ecosystem and community
- 1.88 million MANTA (1.39%) for development fund
- 3.50 million MANTA (2.70%) for private round investors
- 1.87 million MANTA (2.31%) for project advisors
- 1.67 million MANTA (2.70%) for strategic investments
- 1.35 million MANTA (2.70%) for institutional investors
Currently, 42.5% of the total MANTA supply is still locked, and this unlocking may impact market sentiment.
Bubblemaps (BMT) - Unlock 884.16K BMT per day
Bubblemaps is a blockchain analytics platform that has completed TGE on Binance Wallet. The project raised 202,990 BNB through its initial token sale, exceeding expectations.
The BMT unlocking schedule is daily, with 884.16K BMT released each day, equivalent to 0.09% of the maximum supply. The allocation is as follows:
- 184.10K BMT (0.07%) for the ecosystem and community
- 408.48K BMT (0.18%) for airdrop
- 291.58K BMT (0.24%) for liquidity
The phased unlocking schedule helps mitigate sudden supply shocks, but the impact on the market remains unpredictable.
Market Impact
With a total value of over $34 million from three major blockchain projects entering the market this week, liquidity and trading volume are likely to fluctuate significantly. Investors and traders need to keep a close eye on distribution patterns, as this can affect short-term price trends as well as long-term market stability.
