Token unlocks often influencing price movements and investor sentiment in the crypto market. When a project releases more of its tokens into circulation, it can lead to increased supply, potential volatility, and shifts in market dynamics. In the coming days, major tokens like ARB, APE, EIGEN, IOTA, ENA, and IMX will have their tokens unlocked. This article analyses their current market performance, the percentage of supply set to be released, and key technical indicators to assess potential price trends.
ARB
At the time of publication, Arbitrum was trading at a price of $0.3605, a decline of 7.95% in the last seven days, according to CoinMarketCap. It has a market capitalization of $1.59B and a 24-hour trading volume which has dipped 19.89%, reaching $115.79M. ARB has a circulation of 4.41B ARB and has unlocked on 39.15% of its total supply. On 16th March 2025, the coin is expected to release an additional 2.10% of circulation supply (92.65M ARB) worth $3.39M.
The RSI sits at 40.30, approaching the oversold threshold of 30. However, the chart suggests growing buying pressure as the value rebounds from oversold levels. Additionally, the MACD line is above the signal line, along with the positive histogram signals bullish momentum.
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APE
At press time, APE is trading at $0.5276, a decrease of 2.09% in the past week and has a market cap of $397.1M. Its trading volume is $28.03M, a decline of 40.95% over the past 24 hours and has a circulation supply of 752.65M APE. The ApeCoin has unlocked 81.51% of its total supply and on 17th March 2025, the coin will unlock an extra 1.95% of circulation supply (15.06M APE) worth $8.13M into the market.
The RSI has climbed from the oversold zone to its current value of 40.12, indicating weakening selling pressure. Once it nears the neutral 50 level, a stronger bullish trend could emerge. The MACD line at -0.0585 is trading above the signal line at -0.0633, indicating a bullish momentum. Furthermore, the rising positive histogram bars indicate growing buying pressure, reinforcing the bullish momentum and suggesting a potential trend reversal.
EIGEN
EigenLayer has a price of $1.16, an increase of 2.28% in the last 24-hours, but its trading volume has dipped by 48.54%, to $25.52M, at press time. It has a FDV of $1.99B and a circulating supply of 234.97M EIGEN. About 1.29M EIGEN, which corresponds to 0.53% of the circulation supply and worth $1.51M will be unlocked on 18th March, 2025.
The Relative Strength Index is at 36.48, which is near the oversold level and indicates high selling pressure. The Moving Average Convergence Divergence at -0.213 is below the signal line at -0.211, which represents a bearish momentum. However, the narrow gap between them suggests a possibility of bullish crossover and the declining selling pressure, while the declining negative bars histogram reflects weakening selling pressure and a possible reversal.
IOTA
IOTA has been trading at $0.1832, a decline of 6.98% in the last week at the time of writing. Its 24-hour trading volume is at $17.09M and has a market capitalization of $672.37M. The coin has already unlocked 74.34% of its supply and an additional 0.41% of circulation supply (15.16M IOTA) worth $2.77M will be released into the market on 19th March 2025.
The MACD line is below the signal line, but the narrow gap between them and the declining negative histogram bars suggests a possibility of bullish crossover. The RSI is at 41.56, indicating strong selling pressure. However, if it manages to cross above 50, it could signal a shift in momentum, attracting more buyers and potentially leading to a bullish trend.
ENA
At the time of writing, ENA had a value of $0.3674, a rise of 2.65% in the past day and a market cap of $1.18B. The trading volume declined by 36.52% in the last 24-hours to $177.5M and has a circulation supply of 3.22B ENA. On 19th March 2025, about 0.15% of circulation supply, corresponding to 7.93M ENA and worth $2.91M will be unlocked.
The Relative Strength Index has a value of 42.81, which represents high selling pressure. The Moving Average Convergence Divergence is above the signal line, which indicates a bullish momentum. But the short gap between the two moving lines represents a possibility of bearish crossover.
IMX
Immutable is trading at $0.5799, an increase of 6.25% in the last 24-hours and has a market cap of $1.02B. The trading volume is at $27.66M and has a fully diluted value of $1.15B. IMX has a circulation supply of 1.76B IMX and has unlocked 88.97% of the total supply. On 21st March 2025, the coin will unlock an additional 1.30% of circulation supply (24.52M IMX) worth $13.77M.
The RSI value has risen from the overbought level of around 27 to its current value of 41.59, which indicates weakening selling pressure. The positive histogram along with the MACD line trading above the signal line indicate a bullish momentum for the coin.
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Conclusion
The upcoming token unlocks for ARB, APE, EIGEN, IOTA, ENA, and IMX could have significant implications for their respective markets. While increased circulating supply often leads to short-term volatility, technical indicators suggest that some of these tokens may be approaching a potential trend reversal.
Most of the assets analyzed are currently experiencing high selling pressure, with RSI values below the neutral 50 level. However, declining negative histogram bars and narrowing MACD gaps indicate that bullish crossovers could occur, leading to renewed buying momentum. Investors should closely monitor these unlock events, as they could influence price action in the coming weeks.
