<p>三月将成为 2026 年最大规模的代币解锁月份，预计将有超过 <strong>60 亿美元</strong> 的加密资产进入流通。</p>
<p>即将到来的解锁规模与之前几个月相比大幅增加，重新引起市场对供应端动态的关注，因为市场对流动性冲击仍然敏感。</p>
<h2><strong>WhiteBIT 占据三月解锁的最大份额</strong></h2>
<p>来自 CryptoRank 的数据表明，三月的代币解锁总额预计将达到约 <strong>60.3 亿美元</strong>。这使其成为迄今为止今年最重要的月度解锁事件。</p>
<p>相比之下，<strong>二月的解锁量接近 20 亿美元</strong>，突显出这一跳跃的规模。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-16-at-15.25.02.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="2290" height="1082" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-16-at-15.25.02.png"/></p>
<p>来源：CryptoRank</p>
<p>三月的解锁高度集中。<strong>WhiteBIT 是最大的贡献者，预计将解锁约 41.8 亿美元</strong> 的代币。</p>
<p>这意味着仅 WhiteBIT 就占据了三月所有进入流通的代币的大部分，远远超过其他项目的解锁。</p>
<p>三月剩余的解锁部分分布在多种协议上，每个协议贡献的金额相对较小。</p>
<p>虽然一些知名网络，如 <strong>Sui 和 Arbitrum</strong> 也参与其中，但没有一个接近 WhiteBIT 的解锁规模。这突显了在此期间供应压力的不均匀分布。</p>
<h2><strong>DeFiLlama 数据确认集中性</strong></h2>
<p>来自 DeFiLlama 的平行数据支持了整体趋势，尽管总估计较低。DeFiLlama 将三月的总解锁量估计为约 44 亿美元，反映了方法论、代币覆盖和估值时机的差异。</p>
<p>尽管头条数字存在差异，但两个数据集都将 WhiteBIT 识别为三月解锁活动的主导驱动因素。</p>
<p>这一点的趋同加强了预期，即任何市场影响可能在与大型单一来源释放相关的资产中最为明显，而不是在广泛分布的解锁时间表中。</p>
<h2><strong>二月解锁为三月激增提供背景</strong></h2>
<p>二月的解锁提供了有用的比较。主要网络如 <strong>TON 和 Jupiter 上个月的解锁量最大，各自超过 5000 万美元</strong>。</p>
<p>虽然值得注意，但这些数字相对于三月的预定解锁量仍然较为温和，这突显了即将到来的月份在 2026 年解锁日历中的突出地位。</p>
<p>代币解锁并不自动转化为立即的卖压，因为结果取决于持有者行为、流动性条件和更广泛的市场情绪。</p>
<p>然而，大规模集中解锁在历史上与波动性增加相吻合，特别是在谨慎的风险偏好时期。</p>
<p>随着三月的临近，市场可能会密切关注这一供应涌入如何被吸收，特别是考虑到单一贡献者的巨大作用。</p>
<hr/>
<h2><strong>最终总结</strong></h2>
<ul>
<li>三月有望举办 2026 年最大规模的代币解锁事件，主要由 WhiteBIT 主导。</li>
<li>供应集中增加了流动性和波动性考虑，因为市场消化新代币。</li>
</ul>
<hr/>

EZET

HSDT

EZBC

<p>2026 年 3 月将成为最大规模的代币解锁月份，超过 60 亿美元的加密资产将进入流通，主要由 WhiteBIT 推动，其占总额约 41.8 亿美元。这一从 2 月份 20 亿美元解锁的显著增长引发了对流动性和市场波动性的担忧。虽然其他网络贡献的解锁金额较小，但 WhiteBIT 的解锁集中度预计将对市场产生显著影响，因此需要密切关注这一供应涌入如何被吸收</p>

<p>March is set to be the largest token unlock month of 2026, with more than <strong>$6 billion</strong> in crypto assets scheduled to enter circulation.</p>
<div class="lb-trans"><p>三月将成为 2026 年最大规模的代币解锁月份，预计将有超过 <strong>60 亿美元</strong> 的加密资产进入流通。</p>
</div><p>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.</p>
<div class="lb-trans"><p>即将到来的解锁规模与之前几个月相比大幅增加，重新引起市场对供应端动态的关注，因为市场对流动性冲击仍然敏感。</p>
</div><h2><strong>WhiteBIT accounts for largest share of March unlocks</strong></h2>
<div class="lb-trans"><h2><strong>WhiteBIT 占据三月解锁的最大份额</strong></h2>
</div><p>Data from CryptoRank shows that total token unlocks in March are expected to reach approximately <strong>$6.03 billion</strong>. This makes it the most significant monthly vesting event of the year so far.</p>
<div class="lb-trans"><p>来自 CryptoRank 的数据表明，三月的代币解锁总额预计将达到约 <strong>60.3 亿美元</strong>。这使其成为迄今为止今年最重要的月度解锁事件。</p>
</div><p>By comparison, <strong>February’s unlock volume was closer to $2 billion</strong>, underscoring the magnitude of the jump.</p>
<div class="lb-trans"><p>相比之下，<strong>二月的解锁量接近 20 亿美元</strong>，突显出这一跳跃的规模。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-16-at-15.25.02.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-16-at-15.25.02.png"/></p>
<p>Source: CryptoRank</p>
<div class="lb-trans"><p>来源：CryptoRank</p>
</div><p>The March unlocks are heavily concentrated. <strong>WhiteBIT represents the single largest contributor, with around $4.18 billion</strong> worth of tokens scheduled to unlock over the course of the month.</p>
<div class="lb-trans"><p>三月的解锁高度集中。<strong>WhiteBIT 是最大的贡献者，预计将解锁约 41.8 亿美元</strong> 的代币。</p>
</div><p>This means WhiteBIT alone accounts for the majority of all tokens entering circulation in March, far outweighing unlocks from other projects.</p>
<div class="lb-trans"><p>这意味着仅 WhiteBIT 就占据了三月所有进入流通的代币的大部分，远远超过其他项目的解锁。</p>
</div><p>The remaining portion of March’s unlocks is spread across a wide range of protocols, each contributing comparatively smaller amounts.</p>
<div class="lb-trans"><p>三月剩余的解锁部分分布在多种协议上，每个协议贡献的金额相对较小。</p>
</div><p>While several well-known networks, such as <strong>Sui and Arbitrum</strong>, are involved, none approaches the scale of WhiteBIT’s release. This highlights the uneven distribution of supply pressure during the period.</p>
<div class="lb-trans"><p>虽然一些知名网络，如 <strong>Sui 和 Arbitrum</strong> 也参与其中，但没有一个接近 WhiteBIT 的解锁规模。这突显了在此期间供应压力的不均匀分布。</p>
</div><h2><strong>DeFiLlama data confirms concentration</strong></h2>
<div class="lb-trans"><h2><strong>DeFiLlama 数据确认集中性</strong></h2>
</div><p>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.</p>
<div class="lb-trans"><p>来自 DeFiLlama 的平行数据支持了整体趋势，尽管总估计较低。DeFiLlama 将三月的总解锁量估计为约 44 亿美元，反映了方法论、代币覆盖和估值时机的差异。</p>
</div><p>Despite the discrepancy in headline numbers, both datasets identify WhiteBIT as the dominant driver of March’s unlock activity.</p>
<div class="lb-trans"><p>尽管头条数字存在差异，但两个数据集都将 WhiteBIT 识别为三月解锁活动的主导驱动因素。</p>
</div><p>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.</p>
<div class="lb-trans"><p>这一点的趋同加强了预期，即任何市场影响可能在与大型单一来源释放相关的资产中最为明显，而不是在广泛分布的解锁时间表中。</p>
</div><h2><strong>February unlocks provide context ahead of March surge</strong></h2>
<div class="lb-trans"><h2><strong>二月解锁为三月激增提供背景</strong></h2>
</div><p>February’s unlocks offer a useful comparison. Major networks such as <strong>TON and Jupiter recorded the largest releases last month, each exceeding $50 million</strong>.</p>
<div class="lb-trans"><p>二月的解锁提供了有用的比较。主要网络如 <strong>TON 和 Jupiter 上个月的解锁量最大，各自超过 5000 万美元</strong>。</p>
</div><p>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.</p>
<div class="lb-trans"><p>虽然值得注意，但这些数字相对于三月的预定解锁量仍然较为温和，这突显了即将到来的月份在 2026 年解锁日历中的突出地位。</p>
</div><p>Token unlocks do not automatically translate into immediate sell pressure, as outcomes depend on holder behavior, liquidity conditions, and broader market sentiment.</p>
<div class="lb-trans"><p>代币解锁并不自动转化为立即的卖压，因为结果取决于持有者行为、流动性条件和更广泛的市场情绪。</p>
</div><p>However, large, concentrated unlocks have historically coincided with increased volatility, particularly during periods of cautious risk appetite.</p>
<div class="lb-trans"><p>然而，大规模集中解锁在历史上与波动性增加相吻合，特别是在谨慎的风险偏好时期。</p>
</div><p>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.</p>
<div class="lb-trans"><p>随着三月的临近，市场可能会密切关注这一供应涌入如何被吸收，特别是考虑到单一贡献者的巨大作用。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2><strong>Final Summary</strong></h2>
<div class="lb-trans"><h2><strong>最终总结</strong></h2>
</div><ul>
<li>March is on track to host the largest token unlock event of 2026, led overwhelmingly by WhiteBIT.</li>
<li>The concentration of supply increases raises liquidity and volatility considerations as markets digest new tokens.</li>
</ul>
<div class="lb-trans"><ul>
<li>三月有望举办 2026 年最大规模的代币解锁事件，主要由 WhiteBIT 主导。</li>
<li>供应集中增加了流动性和波动性考虑，因为市场消化新代币。</li>
</ul>
</div><hr/>
<div class="lb-trans"><hr/>
</div>

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

- 2026 年 3 月将成为最大代币解锁月，预计超过 6 亿美元加密资产流通。  
- WhiteBIT 占据 3 月解锁的最大份额，约 41.8 亿美元。  
- 大量集中解锁可能导致流动性和波动性问题。

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三月份代币解锁预计将达到 60 亿美元，WhiteBIT 将成为供应量增加的主要推动力