Over 3 Billion HBAR Tokens Set To Unlock; Massive Hedera Price Drop Ahead?
As per latest news related to HBAR, Hedera is set to witness a token unlock of 6.28% of its supply, which translates to 3 billion tokens.
HBAR Crypto News: According to market reports, it’s estimated that roughly $102 billion worth of crypto tokens are locked up across multiple projects, and are scheduled to be released over the coming years. Token lockup, also commonly known as “vesting period” refers to the time span in which cryptocurrencies are barred from being transferred or traded. On March 1 of this year, a similar token unlock event is planned to take place on the hashgraph-powered Hedera (HBAR) network.
Hedera To Unlock 6.28% Of Supply
The HBAR Distribution Report, which is published on a quarterly basis, outlines that the network is set to unlock 6.28% of its total supply on March 1, which comes to a total of 3.14 billion HBAR tokens. Taking into account the price of HBAR at the time of writing, this would result in the distribution of tokens valued at around $238 million.