- Bitcoin had jumped to $104K, then pulled back to near $103K.
- $209 million worth of token unlocks could shake market prices.
- STRK, Sei, and Melania prices rise ahead of major unlocks.
Bitcoin has bounced back strongly, briefly crossing the $104,000 mark before pulling back slightly to just under $103,000. This marks a solid recovery from recent lows caused by market fears around tariffs. The bullish momentum extends to altcoins with Ethereum and XRP also climbing, and the majority of tokens showing strong green trends across the board.
However, all eyes are now on a major event this week — a large-scale token unlock that could introduce new volatility. Historically, token unlocks have triggered price swings when previously restricted coins become available for trading.
Market Braces for Over $200M in Token Unlocks
The crypto market is gearing up for a major token unlock scheduled between May 12 and May 18, 2025, with the total value exceeding $209.9 million. These insider unlocks — involving tokens allocated to early investors, founders, or teams — often have an impact on market dynamics, particularly when large amounts are released into circulation.
Related: $SEI Gains 14% as Sei Network Proposes SIP-3 to Become Fully EVM-Compatible
FTN (Fasttoken) tops the list this week, with an unlock worth $87 million, which represents 4.66% of its circulating supply. Following that, Aptos (APT) will see tokens worth $37.76 million unlocked on May 12, accounting for 1.09% of its circulating supply. Another unlock involves Arbitrum (ARB), with $33.71 million in tokens, or 1.95% of its supply, set to be released.
FTN is trading at $4.60 with no major movement. Aptos has climbed 12% to reach $5.58, while Arbitrum is also up by 11%.
Further Key Unlocks: STRK, SEI, Melania, and Others
Starknet (STRK) is also in the spotlight with a $19.81 million unlock scheduled, showing 4.09% of its current circulating tokens. Meanwhile, Sei (SEI) will unlock $12.83 million worth of tokens, equal to 1.09% of its supply.
Related: Bitcoin Dominance Signals Top as Banana Zone Phase Nears
Melania is another name to watch, as it prepares to unlock $9.36 million worth of tokens, which makes up 6.63% of its circulating supply — the highest percentage in terms of supply share for this week. STRK has seen the biggest jump, rising 16% to $0.15. Sei is up 12%, and Melania has gained 8%, now trading at $0.35. Other token unlocks include CYBER and APE.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
