Major Altcoins Rally Defying $120M Token Unlocks This Week

Over $120 million in new token supply entered the market this week from major blockchain projects, including Arbitrum, Aptos, and Sei. Despite the potential liquidity pressure, these tokens defied expectations and continued to rise, showcasing strong investor resilience and confidence [1].

Arbitrum (ARB) faced one of the largest unlocks, with $38.63 million in tokens released—equivalent to 1.80% of its circulating supply. Nonetheless, ARB’s price climbed to $0.4207, marking a 3.23% gain within the day. The price action revealed a strong bounce from support near $0.4080, with the next resistance level estimated at $0.4300–$0.4320. A breakout above this threshold could fuel further gains, particularly with trading volume increasing by over 70% [1].

Aptos (APT) also displayed notable strength. A $30.31 million unlock, representing 1.01% of its supply, was met with a nearly 6% price increase to $4.59. The token opened at $4.34 and surged to $4.72, indicating robust buyer interest. Key support is forming around $4.50, with the next resistance at $4.74. If APT sustains momentum above this level, it may continue its upward trajectory [1].

Sei (SEI) released $17.07 million in tokens, or 0.96% of its supply, yet managed to stay stable around $0.3056 with mild gains. Its price action has been range-bound but slightly bullish, with a potential breakout above $0.315 seen as a positive signal for the uptrend. A fall below $0.300, however, could reverse the current outlook [1].

Smaller unlocks from Starknet (STRK) and io.net (IO) also triggered sharp upward movements. STRK, which unlocked $16.05 million, rose nearly 3% to $0.1266, reclaiming support near $0.1255. IO, with a $6.08 million unlock, surged nearly 4% to $0.6067, following a strong intraday rally from $0.572. Both tokens are now watching key resistance levels—STRK at $0.1290 and IO at $0.630—if these levels are broken, further gains may be on the horizon [1].

The broader market reaction to these unlocks indicates a shift in how investors perceive supply events. In previous instances, large unlocks often led to price declines, but this week, the trend reversed. Analysts suggest this is due to stronger market fundamentals and improved investor understanding of long-term value, rather than short-term volatility [1].

The sustained momentum in ARB, APT, and SEI highlights the importance of ecosystem growth and market sentiment. As blockchain projects mature, unlocking events are becoming more predictable, allowing market participants to better manage liquidity risks and maintain stable price trajectories [1].

Source: [1] Altcoins Rally Despite $120M Token Unlock Event This Week (https://coinedition.com/weekly-token-unlocks-altcoins-arb-apt-sei-prices-rally/)