Currencies35053
Market Cap$ 4.10T-2.40%
24h Spot Volume$ 102.48B-5.85%
DominanceBTC54.54%+0.48%ETH12.27%-0.63%
ETH Gas0.11 Gwei
Cryptorank

Crypto Market Faces $116 Million Supply Shock From Token Unlocks Between Sep 1-7


by Izabela Anna
for CoinEdition
This week's $116M crypto token unlocks are led by Ethena's (ENA) $108M release, causing selling pressure.
  • Ethena unlock of $108M sparks resistance at $0.662 as selling outweighs demand
  • IOTA struggles to hold $0.191 support after $1.71M unlock despite rising volume
  • Mid-tier unlocks deepen declines as HONEY, STIK, SPEC face weak market support

More than $116 million in insider-held crypto tokens are set to unlock in the first week of September, putting significant selling pressure on several key projects. These scheduled releases for team members, founders, and private investors are a critical event for traders, with tokens like Ethena (ENA) and IOTA in the spotlight. 

Several other tokens, including Hivemapper (HONEY), Staika (STIK), and Spectral (SPEC), are now in focus as traders watch how these unlocks influence short-term market behavior.

$108M Ethena (ENA) Unlock Tests Key $0.640 Support

Ethena (ENA) faces the bi…

The post Crypto Market Faces $116 Million Supply Shock From Token Unlocks Between Sep 1-7 appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Altcoin Season Index Retreats from Highs, Ethereum Correction Adds Pressure

Altcoin Season Index Retreats from Highs, Ethereum Correction Adds Pressure

The momentum that drove altcoins through September is starting to cool. Fresh CryptoQ...
ETH Leads $1.5B Sell-Off After Fed Rate Cut in Classic ‘Sell the News’ Move

ETH Leads $1.5B Sell-Off After Fed Rate Cut in Classic ‘Sell the News’ Move

The Federal Reserve’s latest rate cut sparked an unexpected wave of selling across th...

Crypto Market Faces $116 Million Supply Shock From Token Unlocks Between Sep 1-7


by Izabela Anna
for CoinEdition
This week's $116M crypto token unlocks are led by Ethena's (ENA) $108M release, causing selling pressure.
  • Ethena unlock of $108M sparks resistance at $0.662 as selling outweighs demand
  • IOTA struggles to hold $0.191 support after $1.71M unlock despite rising volume
  • Mid-tier unlocks deepen declines as HONEY, STIK, SPEC face weak market support

More than $116 million in insider-held crypto tokens are set to unlock in the first week of September, putting significant selling pressure on several key projects. These scheduled releases for team members, founders, and private investors are a critical event for traders, with tokens like Ethena (ENA) and IOTA in the spotlight. 

Several other tokens, including Hivemapper (HONEY), Staika (STIK), and Spectral (SPEC), are now in focus as traders watch how these unlocks influence short-term market behavior.

$108M Ethena (ENA) Unlock Tests Key $0.640 Support

Ethena (ENA) faces the bi…

The post Crypto Market Faces $116 Million Supply Shock From Token Unlocks Between Sep 1-7 appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Altcoin Season Index Retreats from Highs, Ethereum Correction Adds Pressure

Altcoin Season Index Retreats from Highs, Ethereum Correction Adds Pressure

The momentum that drove altcoins through September is starting to cool. Fresh CryptoQ...
ETH Leads $1.5B Sell-Off After Fed Rate Cut in Classic ‘Sell the News’ Move

ETH Leads $1.5B Sell-Off After Fed Rate Cut in Classic ‘Sell the News’ Move

The Federal Reserve’s latest rate cut sparked an unexpected wave of selling across th...