March token unlocks to hit $6B, with WhiteBIT driving majority of supply increase

March is set to be the largest token unlock month of 2026, with more than $6 billion in crypto assets scheduled to enter circulation. 

The scale of upcoming unlocks marks a sharp increase from prior months and places renewed focus on supply-side dynamics as markets remain sensitive to liquidity shocks.

WhiteBIT accounts for largest share of March unlocks

Data from CryptoRank shows that total token unlocks in March are expected to reach approximately $6.03 billion. This makes it the most significant monthly vesting event of the year so far.

By comparison, February’s unlock volume was closer to $2 billion, underscoring the magnitude of the jump.

The March unlocks are heavily concentrated. WhiteBIT represents the single largest contributor, with around $4.18 billion worth of tokens scheduled to unlock over the course of the month. 

This means WhiteBIT alone accounts for the majority of all tokens entering circulation in March, far outweighing unlocks from other projects.

The remaining portion of March’s unlocks is spread across a wide range of protocols, each contributing comparatively smaller amounts. 

While several well-known networks, such as Sui and Arbitrum, are involved, none approaches the scale of WhiteBIT’s release. This highlights the uneven distribution of supply pressure during the period.

DeFiLlama data confirms concentration

Parallel data from DeFiLlama supports the overall trend, though with a lower total estimate. DeFiLlama places total March unlocks at roughly $4.4 billion, reflecting differences in methodology, token coverage, and valuation timing.

Despite the discrepancy in headline numbers, both datasets identify WhiteBIT as the dominant driver of March’s unlock activity.

The convergence on this point reinforces expectations that any market impact is likely to be most visible in assets tied to large, single-source releases rather than broadly distributed vesting schedules.

February unlocks provide context ahead of March surge

February’s unlocks offer a useful comparison. Major networks such as TON and Jupiter recorded the largest releases last month, each exceeding $50 million. 

While notable, those figures remain modest relative to what is scheduled for March, highlighting why the coming month stands out in the 2026 unlock calendar.

Token unlocks do not automatically translate into immediate sell pressure, as outcomes depend on holder behavior, liquidity conditions, and broader market sentiment. 

However, large, concentrated unlocks have historically coincided with increased volatility, particularly during periods of cautious risk appetite.

With March approaching, markets are likely to closely monitor how this influx of supply is absorbed, especially given the outsized role of a single contributor.

Final Summary

• March is on track to host the largest token unlock event of 2026, led overwhelmingly by WhiteBIT.
• The concentration of supply increases raises liquidity and volatility considerations as markets digest new tokens.