Weekly Token Unlocks: ARB, APT, SEI Prices Rally Despite $120 Million in New Supply
Main Idea
Despite over $120 million in token unlocks from projects like Arbitrum, Aptos, and Sei, their prices showed resilience or gains, indicating strong market support and potential for further upward movement.
Key Points
1. Arbitrum (ARB) unlocked $38.63 million (1.80% of supply) but rose 3.23% to $0.4207, with resistance at $0.4300–$0.4320.
2. Aptos (APT) unlocked $30.31 million (1.01% of supply) and surged nearly 6% to $4.59, with support at $4.50 and resistance at $4.74.
3. Sei (SEI) unlocked $17.07 million (0.96% of supply) and remained stable around $0.3056, with potential breakout above $0.315.
4. Starknet (STRK) and io.net (IO) unlocked $16.05M and $6.08M respectively, with STRK rising 3% to $0.1266 and IO surging 4% to $0.6067.
Description
Major token unlocks add liquidity pressure but short-term momentum stays bullish Arbitrum, Aptos, and Sei sustain gains despite large insider token release events Smaller Starknet and io.net unlocks trigger sharp upward intraday price reactions Over $120 million worth of new tokens from projects like Arbitrum, Aptos, and Sei are hitting the market this week. But in a surprising show of strength, the prices of the affected altcoins are mostly shrugging off the new supply and rallying higher. Week...
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