<p>三月將成為 2026 年最大規模的代幣解鎖月份，預計將有超過 <strong>60 億美元</strong> 的加密資產進入流通。</p>
<p>即將到來的解鎖規模與之前幾個月相比大幅增加，重新引起市場對供應端動態的關注，因為市場對流動性衝擊仍然敏感。</p>
<h2><strong>WhiteBIT 佔據三月解鎖的最大份額</strong></h2>
<p>來自 CryptoRank 的數據表明，三月的代幣解鎖總額預計將達到約 <strong>60.3 億美元</strong>。這使其成為迄今為止今年最重要的月度解鎖事件。</p>
<p>相比之下，<strong>二月的解鎖量接近 20 億美元</strong>，突顯出這一跳躍的規模。</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>來源：CryptoRank</p>
<p>三月的解鎖高度集中。<strong>WhiteBIT 是最大的貢獻者，預計將解鎖約 41.8 億美元</strong> 的代幣。</p>
<p>這意味着僅 WhiteBIT 就佔據了三月所有進入流通的代幣的大部分，遠遠超過其他項目的解鎖。</p>
<p>三月剩餘的解鎖部分分佈在多種協議上，每個協議貢獻的金額相對較小。</p>
<p>雖然一些知名網絡，如 <strong>Sui 和 Arbitrum</strong> 也參與其中，但沒有一個接近 WhiteBIT 的解鎖規模。這突顯了在此期間供應壓力的不均勻分佈。</p>
<h2><strong>DeFiLlama 數據確認集中性</strong></h2>
<p>來自 DeFiLlama 的平行數據支持了整體趨勢，儘管總估計較低。DeFiLlama 將三月的總解鎖量估計為約 44 億美元，反映了方法論、代幣覆蓋和估值時機的差異。</p>
<p>儘管頭條數字存在差異，但兩個數據集都將 WhiteBIT 識別為三月解鎖活動的主導驅動因素。</p>
<p>這一點的趨同加強了預期，即任何市場影響可能在與大型單一來源釋放相關的資產中最為明顯，而不是在廣泛分佈的解鎖時間表中。</p>
<h2><strong>二月解鎖為三月激增提供背景</strong></h2>
<p>二月的解鎖提供了有用的比較。主要網絡如 <strong>TON 和 Jupiter 上個月的解鎖量最大，各自超過 5000 萬美元</strong>。</p>
<p>雖然值得注意，但這些數字相對於三月的預定解鎖量仍然較為温和，這突顯了即將到來的月份在 2026 年解鎖日曆中的突出地位。</p>
<p>代幣解鎖並不自動轉化為立即的賣壓，因為結果取決於持有者行為、流動性條件和更廣泛的市場情緒。</p>
<p>然而，大規模集中解鎖在歷史上與波動性增加相吻合，特別是在謹慎的風險偏好時期。</p>
<p>隨着三月的臨近，市場可能會密切關注這一供應湧入如何被吸收，特別是考慮到單一貢獻者的巨大作用。</p>
<hr/>
<h2><strong>最終總結</strong></h2>
<ul>
<li>三月有望舉辦 2026 年最大規模的代幣解鎖事件，主要由 WhiteBIT 主導。</li>
<li>供應集中增加了流動性和波動性考慮，因為市場消化新代幣。</li>
</ul>
<hr/>

EZET

HSDT

EZBC

<p>2026 年 3 月將成為最大規模的代幣解鎖月份，超過 60 億美元的加密資產將進入流通，主要由 WhiteBIT 推動，其佔總額約 41.8 億美元。這一從 2 月份 20 億美元解鎖的顯著增長引發了對流動性和市場波動性的擔憂。雖然其他網絡貢獻的解鎖金額較小，但 WhiteBIT 的解鎖集中度預計將對市場產生顯著影響，因此需要密切關注這一供應湧入如何被吸收</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>三月將成為 2026 年最大規模的代幣解鎖月份，預計將有超過 <strong>60 億美元</strong> 的加密資產進入流通。</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>即將到來的解鎖規模與之前幾個月相比大幅增加，重新引起市場對供應端動態的關注，因為市場對流動性衝擊仍然敏感。</p>
</div><h2><strong>WhiteBIT accounts for largest share of March unlocks</strong></h2>
<div class="lb-trans"><h2><strong>WhiteBIT 佔據三月解鎖的最大份額</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>來自 CryptoRank 的數據表明，三月的代幣解鎖總額預計將達到約 <strong>60.3 億美元</strong>。這使其成為迄今為止今年最重要的月度解鎖事件。</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>二月的解鎖量接近 20 億美元</strong>，突顯出這一跳躍的規模。</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>來源：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>三月的解鎖高度集中。<strong>WhiteBIT 是最大的貢獻者，預計將解鎖約 41.8 億美元</strong> 的代幣。</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>這意味着僅 WhiteBIT 就佔據了三月所有進入流通的代幣的大部分，遠遠超過其他項目的解鎖。</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>三月剩餘的解鎖部分分佈在多種協議上，每個協議貢獻的金額相對較小。</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>雖然一些知名網絡，如 <strong>Sui 和 Arbitrum</strong> 也參與其中，但沒有一個接近 WhiteBIT 的解鎖規模。這突顯了在此期間供應壓力的不均勻分佈。</p>
</div><h2><strong>DeFiLlama data confirms concentration</strong></h2>
<div class="lb-trans"><h2><strong>DeFiLlama 數據確認集中性</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>來自 DeFiLlama 的平行數據支持了整體趨勢，儘管總估計較低。DeFiLlama 將三月的總解鎖量估計為約 44 億美元，反映了方法論、代幣覆蓋和估值時機的差異。</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>儘管頭條數字存在差異，但兩個數據集都將 WhiteBIT 識別為三月解鎖活動的主導驅動因素。</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>這一點的趨同加強了預期，即任何市場影響可能在與大型單一來源釋放相關的資產中最為明顯，而不是在廣泛分佈的解鎖時間表中。</p>
</div><h2><strong>February unlocks provide context ahead of March surge</strong></h2>
<div class="lb-trans"><h2><strong>二月解鎖為三月激增提供背景</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>二月的解鎖提供了有用的比較。主要網絡如 <strong>TON 和 Jupiter 上個月的解鎖量最大，各自超過 5000 萬美元</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>雖然值得注意，但這些數字相對於三月的預定解鎖量仍然較為温和，這突顯了即將到來的月份在 2026 年解鎖日曆中的突出地位。</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>代幣解鎖並不自動轉化為立即的賣壓，因為結果取決於持有者行為、流動性條件和更廣泛的市場情緒。</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，大規模集中解鎖在歷史上與波動性增加相吻合，特別是在謹慎的風險偏好時期。</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>隨着三月的臨近，市場可能會密切關注這一供應湧入如何被吸收，特別是考慮到單一貢獻者的巨大作用。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2><strong>Final Summary</strong></h2>
<div class="lb-trans"><h2><strong>最終總結</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>三月有望舉辦 2026 年最大規模的代幣解鎖事件，主要由 WhiteBIT 主導。</li>
<li>供應集中增加了流動性和波動性考慮，因為市場消化新代幣。</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 月將成為最大代幣解鎖月，預計超過 6 億美元加密資產流通。  
- WhiteBIT 佔據 3 月解鎖的最大份額，約 41.8 億美元。  
- 大量集中解鎖可能導致流動性和波動性問題。

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三月份代幣解鎖預計將達到 60 億美元，WhiteBIT 將成為供應量增加的主要推動力