- Crypto markets remain flat with a September Fed rate cut fully priced in by investors.
- Aptos faces fresh pressure with a $48.5M insider-heavy unlock set to hit the market.
- WLFI tumbled nearly 10% after a surprise 25% supply release shocked early investors.
Crypto markets showed little movement last week, with a September Federal Reserve rate cut now fully priced in. According to crypto analyst Stacy Muur, Bitcoin gained modestly, Ethereum slipped, and decentralized AI tokens recorded a minor pullback, citing data from Tokenomist.
Notably, Bitcoin is trading at $113,579, a 0.7% rise in the past day, increasing its weekly uptick to 2.2%. Ethereum has seen a similar run in the past day, trading at $4,366, reducing its fortnight loss to 5.4%.
Aptos Unlock of $48.5 Million Tokens Raises Insider Pressure
Unlock schedules dominated trading discussions. Aptos (APT) is set for a $48.5 million release in the coming days, representing 2.2% of its supply. The allocation is insider-heavy, raising concerns that the added supply could lead to persistent selling pressure.
Related: Over $45M in Insider Token Unlocks Set to Hit Market Sept. 8–14
Coin Edition earlier reported that Aptos unlocked 11.31 million tokens ($45.24 million) in July, representing 1.76% of its circulating supply, to the market. The release followed unlocks in May and June worth $65 million and $53 million to $59 million, respectively.
These selling pressures have resulted in Aptos trading at a 10% loss over the past eight weeks, currently trading at $4.45. The past month hasn’t been bullish for the token despite a 3.1% uptick in the past week.
BounceBit Adds 6.3% Supply While Price Holds Gains
Similarly, BounceBit (BB) also faces a large release, with 6.3% of supply entering circulation. Notably, the token now trades at $0.1438, representing a minor 0.5% increase in the past day, though its weekly performance reads a 3.5% gain.
Ethena Defies Unlock Expectations
Ethena (ENA) presented a different outcome. Despite hosting the largest unlock by value during the week, ENA’s price climbed 14%.
Market data indicates insiders did not sell significant portions of their holdings, allowing the token to defy typical unlock-driven pressure. As a result, ENA is trading at $0.8191, a 1.4% rise in the past day
WLFI Drops Nearly 10% After Surprise 25% Supply Release
While ENA defied the odds, a new token launch added to market volatility. WLFI attracted strong interest ahead of its listing, but investors were unsettled by a surprise 25% supply unlock.
Traders had expected only 4% to 5%. The larger-than-expected release led to immediate selling pressure, muting early optimism around the project. This pressure has now seen the token trading at a loss of 9.8% just after a week of launch. It now trades at $0.2075, a 1.4% loss in the past day.
Macro Conditions Stable as Unlocks Drive Short-Term Sentiment
Beyond token-specific events, Stacy Muur noted that the broader market conditions stayed steady. With interest rate cuts already factored into market pricing, she noted that the attention has shifted toward supply unlocks as a more immediate risk. For now, rate policy has taken a back seat to token schedules in shaping short-term sentiment.
Related: WLFI Price Prediction: Can Governance Clarity Unlock $0.2100 Rally?
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