Top Token Unlocks of This Week: AVAX, ARB, APE, and More

Token unlocks can be a game-changer for crypto markets, influencing supply dynamics, price action, and investor sentiment. As previously locked tokens enter circulation, they can trigger volatility, either fueling bullish momentum or adding selling pressure. In this article, we break down the upcoming unlock events for AVAX, ARB, APE, EIGEN, MELANIA, and IMX, analyzing their potential impact using key metrics like RSI, MACD, and market trends.

AVAX

At the time of publication, Avalanche was trading at a price of $26.72, an increase of over 4% in the last 24 hours and 11% in the last seven days. The coin’s market capitalization has also surged by 3.68% to $11B and has a trading volume of $340.58M, an increase of 29.28%. AVAX has already unlocked 483.56M AVAX, which is about 67.16% of its total supply, and on February 16, 2025, the coin will unlock an additional supply of 1.67M AVAX (0.40% of Cir.supply) worth $44.49M. 

The Relative Strength Index of 39.61 indicates moderate selling pressure but is still above the oversold territory of 30. The Moving Average Convergence Divergence (MACD) suggests a bullish pressure as the MACD line is above the Signal line. Furthermore, this analysis is supported by rising positive histogram bars, suggesting strengthening upward momentum. 

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ARB

At press time, Arbitrum is trading at $0.4935, an increase of 14.11% over the past week, and has a market cap of $2.14B. The 24-hour trading volume has risen by 7.07%, reaching $175.43M. The coin has a circulation supply of 4.34B ARB and an FDV of $4.93B. On February 16, 2025, ARB will release 2.13% of its circulation supply, about 92.65M ARB and worth $45.72M. 

The RSI has risen from the oversold territory and has a value of 38.96. This suggests weakening selling pressure and a potential shift towards neutral or bullish momentum if the uptrend continues. The MACD line above the signal line and the green histogram indicate a bullish momentum.    

APE

ApeCoin is trading at a price of $0.7410 and has a market capitalization of $557.72M. The trading volume has declined by 2.31% over the past day to $63M. It has an FDV of $740.22M and a circulating supply of 752.65M APE. APE has unlocked 79.95% of the circulation supply, and about 2.16% (15.60M APE) of the locked supply with a valuation of $11.59M will be released on February 17, 2025. 

The MACD line at -0.081 is above the Signal line at -0.097, suggesting a bullish crossover. Additionally, the histogram shows consecutive green bars and is currently trading at 0.016, reinforcing bullish momentum. The RSI at 39.68 indicates mild bearish momentum, but a decline to 30 will result in the coin entering oversold territory. On the other hand, a rise above 50 will result in the coin trading in neutral territory with the potential to trade in bullish territory if buying pressure persists.   

EIGEN

According to CoinMarketCap, EIGEN is trading at $1.72 at the time of publication. It has a market cap of $404.63M and a trading volume of $94.87M. The coin has a total supply of 1.7B EIGEN and a circulating supply of 234.97M EIGEN. EIGEN’s max supply is unlimited and has an FDV of $2.9B. On February 18, 2025, Eigenlayer will unlock 1.29M EIGEN, about 0.53% of circulation supply and worth $2.28M. 

The RSI at 33.87 indicates the coin is facing relatively high selling pressure. The MACD line at -0.338, crossing above the Signal line at -0.352, along with rising green histogram bars, indicates a recent bullish crossover and a potential shift in momentum.

MELANIA

At the time of writing, the Official Melania Meme is trading at $1.38, a decline of 7.45% in the last seven days and 81.11% over the past month. Its trading volume has increased by 151.62% to $129.84M and a market cap of $674.76M. MELANIA has unlocked 25.00% (250.00M MELANIA) of its supply, and about 40.83% of its circulation supply (61.25M MELANIA) worth $85.14M will be unlocked on February 20, 2025. 

The RSI value of 40.56 indicates weak selling pressure, with the chart indicating a decline after nearly reaching the overbought territory of 70. The Moving Average Convergence Divergence (MACD) line is below the Signal line, and the presence of a red histogram bar suggests ongoing bearish pressure. 

IMX

Immutable is trading at a price of $0.8156 and has a trading volume of $37.52M, which has declined by 12.70% in the last 24-hours. It has a market cap of $1.42B, an FDV value of $1.63B, and a circulating supply of 1.74B IMX. Nearly 24.52M IMX, which corresponds to 1.41% of the circulation supply and worth $20.07M will be unlocked on February 21, 2025. 

The Relative Strength Index (RSI) is at 35.03, which is near the oversold territory of 30, indicating high selling pressure. Meanwhile, the MACD line above the Signal line, along with the increasing buying pressure indicated by the green histogram bars on the chart, suggests bullish momentum. 

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Conclusion

The upcoming token unlocks for AVAX, ARB, APE, EIGEN, MELANIA, and IMX will inject significant supply into the market, potentially influencing price movements. While some tokens show bullish momentum with MACD crossovers and rising histogram bars, others remain under selling pressure, as indicated by low RSI values. Investors should monitor these unlock events closely, as they can create short-term volatility and trading opportunities. 

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