Top Token Unlocks This Week: BGB, ADA, APT, ENA, And More

The cryptocurrency market is known for its volatility, with prices often reacting sharply to token unlock events. As key tokens like ADA, APT, and ARB approach significant unlock dates, this article explores the price movements and technical indicators of these tokens and what they mean for investors. 

BGB

At press time, Bitget Token is trading at $1.26, up 1.76% in one day and 11.25% in seven days. The coin has a market capitalization of $1.76B and a volume of $58.40M, which has increased by 36.53% in the last 24-hours. BGB has a circulation supply of 1.40B BGB and has unlocked 1.78B BGB, which corresponds to 89% of the entire supply. On 10th Nov, the coin will unlock an additional 0.38% of circulation supply worth $6.77M. Technical analysis reveals that SMA crossed over EMA in September and is currently in a bullish trend with hopes of reaching ATH.    

ADA

Cardano (ADA) has a value of $0.4361 at press time, and its price has risen by 22.15% in the last seven days. The coin has a trading volume of $1.11B and a market cap of $15.26B. ADA has a circulation of 35B ADA and has unlocked about 38.03B ADA, which is 85% of the supply. Nearly 18.53M ADA, which corresponds to 0.05% of circulation supply and worth $7.96M, will be released on 11th Nov. According to Stochastic RSI in a weekly candle, it’s showing a strong bullish trend. Furthermore, as per Daily Candle, SMA has crossed over EMA, which indicates a bullish momentum. For ADA, a strong bullish candle is happening after a series of bearish trends.       

APT

At the time of publication, Aptos is trading at $9.96, an increase of 3.27% in one day and 13.31% in seven days. It has a trading volume of $190.32M and a market cap of $5.18B. The coin has an infinite supply, and at present, APT has a circulation supply of 519.72M APT. Furthermore, on 11 Nov, about 2.18% of the supply worth $109.70M will be released for circulation. From August, APT gained support and started a strong bullish trend. Currently, the Stochastic RSI is overbought, and in the future, it could reach 50% and start another bullish trend.  

EIGEN

Eigenlayer has a price of $3.12 at the time of publication and has a market of $583.07M. It has a volume (24h) of $143.60M, an increase of 22.24%, and has risen in price by 2.00% in one day and 25.13% in seven days. The coin has unlocked 214.69M EIGEN, and on 12th November, about 0.69% of the circulation supply worth $3.81M will be unlocked. EIGEN is retracing Fib equilibrium at 50%, and the SMA is trying to crossover EMA. If SMA crosses EMA, the bullish trend will continue.  

RENDER

At press time, the price of Render is $5.20, an increase of 5.10% in one day and 11.41% in seven days. It has a trading volume of $235.79M and a market cap of $2.69B. RENDER has unlocked 48% of the supply and will unlock 492.13K RENDER coins worth $2.42M on 13th November. The price of Render reversed from support after breaking the trendline, and if the SMA breaks through the EMA, it would indicate a strong bullish trend.   

ENA

At the time of publication, Ethena was trading at $0.5157 and had a trading volume of $403.17M, a rise of 27.99%. The coin has a market cap of $1.47B, and there are about 15B ENA in circulation. ENA will unlock additional coins worth $6.37M on 13th November. The coin is following the trendline and SMA and EMA also indicate a bullish trend.

AXS

At the time of writing, Axie Infinity is trading at $5.11 and has a volume (24h) of $48.85M. The coin’s price has increased by 2.15% in one day and 9.94% in seven days. It has a market cap of $782.96M and a circulating supply of 270M AXS. Axie Infinity has already unlocked 92% of its token supply, and on 13th Nov, the coin will further unlock 815.63K AXS (0.53%) and release it into circulation. The market is currently in weekly support, where there was a price rejection. During the daily timeframe, the SMA is currently crossing over EMA. If a bullish trendline breaks, the trend will continue.    

STRK

Starknet is trading at a price of $0.4244 at the time of writing. Its price has increased by 4.24% in one day and 16.73% in seven days. STRK has a volume of $65.26M and a market cap of $891.51M. The coin has unlocked 11.68% of its supply and has a circulation supply of 2.10B STRK. On 15th November, about 3.05% of the supply, which is worth $25.97M, will be unlocked. The coin has broken through the bullish trendline with the SMA crossing over EMA on a daily timeframe. The Stochastic RSI also indicates a bullish trend.    

CKB

Nervos Network has a price of $0.01366 at press time and a trading volume of $62.45M. It has a market cap of $615.42 and a circulation supply of 45.07B CKB. CKB has an infinite supply and will unlock 1.34B CKB coins worth around $18.46M on 16th November. Both Stochastic RSI and the SMA and EMA haven’t crossed over. If they cross over, the bullish trend will continue; if not, a bearish trend will continue. 

ARB

At the time of writing, Arbitrum is trading at $0.6093, up by 6.60% in one day and 17.30% in seven days. It has a circulation supply of 3.98B ARB, a market cap of $2.42B, and a 24-hour volume of $366.63M. ARB is expected to release 2.33% of additional supply worth $54.21M on 16th November. Arbitrum breaks the bullish trendline, with the SMA crossing over EMA, indicating a bullish trend.   

Conclusion

The current market shows bullish momentum across various cryptocurrencies, as technical indicators like SMA and EMA crossovers signal upward trends. With multiple token unlocks scheduled for the coming days, traders should stay vigilant, as these releases can impact both price stability and market sentiment.