Top 5 Token Unlocks This Week: IMX, APE, FTN, IOTA, ENA

Token unlocks play a crucial role in the cryptocurrency market, affecting liquidity, price movement, and investor sentiment. Large unlocks often lead to increased selling pressure, while strategic releases can enhance long-term stability.

This week, five major tokens are set to release a substantial number of tokens into circulation: Immutable (IMX), ApeCoin (APE), Fasttoken (FTN), IOTA, and Ethena (ENA). Here’s a breakdown of their unlock details and potential market impact.

^{Source: Token Unlock App}

Immutable (IMX) Token Unlock

• Unlock Amount: 1.78 billion IMX (~$1.02 billion)
• Unlock Date: March 17, 2025
• Total Supply: 2 billion IMX
• Current Circulating Supply: 1.76 billion IMX
• Unlocked Percentage: 89%

Immutable (IMX), a blockchain infrastructure platform for gaming, is releasing a significant portion of its supply this week. This unlock represents nearly 89% of the total supply, reducing locked token reserves.

The unlock consists primarily of cliff unlocks, meaning a large number of tokens are being released at once, which could introduce short-term volatility. Investors should monitor how the market absorbs these new tokens, as high unlock percentages can lead to increased sell pressure.

ApeCoin (APE) Token Unlock

• Unlock Amount: 815.06 million APE (~$425.24 million)
• Unlock Date: March 17, 2025
• Total Supply: 1 billion APE
• Current Circulating Supply: 799 million APE
• Unlocked Percentage: 82%

ApeCoin (APE), a token associated with the Bored Ape Yacht Club (BAYC) ecosystem, is undergoing a major unlock this week. With 82% of the total supply already unlocked, this release will add a large number of tokens to the circulating supply.

The unlocked tokens will likely go to early investors, the team, and ecosystem development. Historically, APE unlocks have led to increased market activity, and investors should watch for potential short-term price dips.

Read more: Exploring the List of Layer 1 Blockchains

Fasttoken (FTN) Token Unlock

• Unlock Amount: 840 million FTN (~$3.34 billion)
• Unlock Date: March 18, 2025
• Total Supply: 1 billion FTN
• Current Circulating Supply: 429 million FTN
• Unlocked Percentage: 84%

Fasttoken (FTN), a Layer-1 blockchain, is set to unlock a substantial portion of its total supply. The 840 million FTN unlock represents one of the largest unlocks this week, amounting to $3.34 billion.

FTN's unlock primarily consists of cliff unlocks, meaning a single large release rather than gradual vesting. This could lead to a temporary price correction if significant portions are sold on the open market. However, as a blockchain-focused token, FTN may see increased adoption following this event.

IOTA Token Unlock

• Unlock Amount: 3.42 billion IOTA (~$611 million)
• Unlock Date: March 19, 2025
• Total Supply: 4.6 billion IOTA
• Current Circulating Supply: 3.66 billion IOTA
• Unlocked Percentage: 74%

IOTA, a Layer-1 DePIN (Decentralized Physical Infrastructure Network) project, is unlocking a significant number of tokens this week. With 74% of its supply now in circulation, this event could impact IOTA’s staking incentives, liquidity, and long-term project development.

Historically, IOTA token unlocks have led to a divided market response, with some investors seeing opportunities in increased accessibility while others anticipate selling pressure. Traders should be cautious about price fluctuations surrounding the unlock date.

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Ethena (ENA) Token Unlock

• Unlock Amount: 5.27 billion ENA (~$1.94 billion)
• Unlock Date: March 19, 2025
• Total Supply: 15 billion ENA
• Current Circulating Supply: 5.28 billion ENA
• Unlocked Percentage: 35%

Ethena (ENA), a DeFi application token, is undergoing its largest unlock to date. With 35% of the total supply already in circulation, this event will introduce a considerable number of new tokens into the market.

Unlike other unlocks that primarily go to early investors, ENA’s token release is focused on ecosystem development. This suggests that some of the newly unlocked tokens may be reinvested into the project rather than being immediately sold.

Given the relatively lower circulating supply percentage, this unlock may have a lesser impact on price stability compared to other tokens on this list.

Trade IMX, APE, FTN, IOTA, and ENA on Bitrue

Bitrue offers a secure and user-friendly platform to trade IMX, APE, FTN, IOTA, and ENA, making it easy for investors to navigate token unlock events. 

While unlocks can lead to short-term price dips due to increased supply, they also create potential buying opportunities for those with long-term convictions in these projects. 

If you believe in the fundamentals of these tokens, Bitrue provides a reliable marketplace to accumulate positions when prices dip.

Conclusion

This week’s token unlocks introduce a significant volume of new tokens into circulation, affecting supply dynamics and market behavior. 

While some traders anticipate volatility, others see these events as an opportunity to enter positions at lower prices. Monitoring unlock schedules is essential for understanding potential price movements and making informed trading decisions. 

Whether you’re looking to capitalize on short-term fluctuations or invest in the long-term potential of these projects, staying informed about unlock events helps navigate market conditions more effectively.

Frequently Asked Questions

1. How do token unlocks impact the price of a cryptocurrency?

Token unlocks increase the circulating supply, which can lead to short-term price dips if selling pressure outweighs demand. However, projects with strong fundamentals may recover as the market absorbs the new supply.

2. Should I buy tokens during an unlock event?

Buying during an unlock event can be a strategy if you believe in the long-term potential of the project. Price drops due to increased supply may present a buying opportunity, but it’s important to assess market conditions before making a decision.

3. Where can I trade these tokens?

You can trade IMX, APE, FTN, IOTA, and ENA on Bitrue, which provides a secure platform for buying, selling, and managing crypto assets.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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