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Crypto To Sell In Next Week’s Trades As Price Risks Drop

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The crypto universe is set to witness a shift in market sentiments surrounding 13 coins, primarily due to massive token unlocks ahead. Traders and investors remain cautious as a colossal supply surge for these tokens looms over the horizon. Meanwhile, the 13 coins that are primed to witness this saga are Sui, Optimism, Immutable, ZetaChain, dydx, Maverick Protocol, Cardano, Ethena, Galxe, Manta Network, Liquity, 1inch, and Forta.

Market watchers are taking a bearish stance on these assets’ price action ahead, urging a selloff sentiment for them across the broader market.

13 Crypto To Sell On Risks Of Token Unlocks

Aligning with TokenUnlocks data, here’s a brief collection of the coins that are set to face unlocks in the imminent week and why market participants should steer clear of trading these assets.

Sui

SUI remains poised to witness an unlock of 68.79 million coins on October 1. Notably, 64.19 million coins are a part of cliff unlock, whereas 4.5 million SUI are a part of linear unlock on the same date. The unlock totals 2.47% of the coin’s circulating supply, posing a threat to the price ahead. SUI price traded at $1.64 today, down nearly 3% as of writing.

Optimism

OP is set to face a cliff unlock of 31.34 million coins, worth approximately $58 million, on September 30. This massive unlock equals 2.5% of Optimism’s circulating supply, raising investor concerns. OP price today gained nearly 4% to reach $1.86. The coin’s intraday low and high were $1.79 and $1.94, respectively.

Immutable

IMX prepares to witness a supply increase of 32.47 million coins, worth $57 million, with its token unlock on October 4. The unlock is equivalent to 2.02% of the asset’s circulating supply. IMX price today dropped nearly 2% to $1.76. The coin’s intraday low and high were $1.73 and $1.83, respectively.

ZetaChain

ZETA stands strong to face an unlock of 54.89 million coins, worth roughly $40.39 million, on October 1. This unlock is equivalent to a whopping 13.68% of the token’s circulating supply. Nevertheless, ZETA price today soared nearly 7% to $0.743. The crypto’s intraday low and high were $0.6836 and $0.7743, respectively.

dydx

DYDX will experience a cliff unlock of 9.88 million coins, worth $10 million, on October 1. This unlock totals 1.57% of the asset’s circulating supply. DYDX price today traded at $1.06, down nearly 1% from yesterday. The coin’s intraday low and high were recorded as $1.04 and $1.1, respectively.

Maverick Protocol

MAV remains poised to face an unlock of 39.87 million coins, worth $9.5 million, on October 1. Notably, 36.40 million coins will be unlocked as a part of cliff unlock, whereas 3.47 million MAV will be unlocked as a part of linear unlock. These unlocks, as a whole, total a whopping 10.47% of the coin’s circulating supply, posing a significant threat to the asset’s price. MAV price today traded at $0.240, up nearly 1% in the past 24 hours.

Cardano

ADA is primed to experience the unlock of 18.53 million coins, worth approximately $7 million, on October 2. This unlock equals 0.05% of the coin’s circulating supply. ADA price today traded at $0.399, down nearly 1% over the past day. The crypto’s 24-hour low and peak were recorded as $0.3936 and $0.4094, respectively.

Ethena

ENA readies for a cliff unlock of 14.89 million coins, worth $5 million, as of September 29. The cliff unlock totals 0.78% of the coin’s circulating supply. ENA price today jumped nearly 2% to $0.3588. The token’s intraday low and high were $0.3469 and $0.3732, respectively. Ethena Labs recently announced UStb stablecoin launch backed by BlackRock and Securitize.

Galxe

GAL is set to face an unlock of 2 million coins worth $5 million as of October 1. The unlock totals 1.57% of the crypto’s circulating supply. GAL price dipped nearly 3% today to trade at $2.37. Its 24-hour low and high were recorded as $2.33 and $2.50, respectively.

Manta Network

MANTA is readying for an unlock of 3.07 million coins, worth $3 million, on September 30. This unlock is equivalent to 0.8% of the total circulating supply. MANTA price today traded at $0.914, down 3.27% over the past day. The coin’s intraday low and high were $0.8841 and $0.9676, respectively.

Liquity

LQTY prepares for an unlock of 531.37K coins on October 4. The unlock equals 0.5% of the crypto’s circulating supply. However, LQTY price today gained nearly 4% to $0.983. The coin’s 24-hour low and peak were $0.9408 and $1.02, respectively.

1inch

1INCH prepares for a minimal unlock of 302.14k coins on September 30. The unlock is equivalent to 0.02% of the coin’s circulating supply. 1INCH price today traded at $0.304, down roughly 1% in the past 24 hours. The coin’s intraday low and high were $0.2957 and $0.3198, respectively.

Forta

FORT is set to witness an unlock of 2.66 million coins, with 2.61 million coins as a part of linear unlock and 50K coins in cliff unlock on September 29. This unlock totals 0.5% of the coin’s circulating supply. FORT price today traded at $0.128, up nearly 1% from yesterday. The coin’s 24-hour low and high were $0.1263 and $0.1311, respectively.

As mentioned above, in the coming week, 13 crypto tokens stand poised to witness a massive supply surge due to token unlocks. Notably, token unlock refers to a phenomenon wherein previously locked coins are released into the market strategically and periodically. However, this chronicle stages as a bearish aspect for assets’ prices as a supply surge induces a negative market sentiment, abiding by the law of supply and demand. Market watchers continue to stay bearish on these assets due to the abovementioned unlocks.

In addition, an X post by the Token Unlocks App revealed that a whopping $3.4 billion worth of crypto is to be unlocked in October. Apart from the abovementioned coins, Celestia (TIA), Worldcoin (WLD), and Solana (SOL) are to face massive unlocks ahead.

As per the data, TIA will face an unlock of $1.12 billion coins, WLD will face an unlock of $336.31 million worth of coins, and SOL will take the heat of $360.80 million worth of unlock in the coming month. Concerning this, traders might consider these tokens as crypto to sell ahead to avoid losses.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Binance Traders Go Big On Dogecoin—Majority Holding Long Positions

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dogecoin investors have high faith in the future of the meme currency despite its recent price fall, market data showed, Tuesday.

Dogecoin fell to $0.153 as of April 16 after its price reached a high of $0.168 on April 13, down by 3% in the last 24 hours. This is after the recent price hike following US President Trump’s tariff halt declaration on certain countries on April 10.

Long Positions Dominate Market Activity

The mood among traders on Binance is firmly bullish for the future prospects of Dogecoin. Data from Coinglass show that over 74% of trading accounts have long positions in the cryptocurrency, while only 25% going short. This places the long-to-short account ratio at 2.90, proving widespread optimism among traders.

Long positions increased quickly on April 12, which shows that investors expect Dogecoin to bounce back from its present correction period. They are willing to pay premiums to maintain their positions, as evidenced by positive OI-weighted funding rate signals that have remained above zero since April 7.

Long|Short DOGE by accounts. Source: Coinglass

Holder Patterns Indicate Diversified Strategies

IntoTheBlock statistics reveal substantial shifts in the manner by which people are holding Dogecoin. Investors holding DOGE for over a year increased by marginally 0.13%. These types of “hodlers” as they are called within cryptocurrency forums constitute a solid support base for the currency.

Source: IntoTheBlock

In the meantime, mid-term holders (holders of DOGE for one to 12 months) decreased by 2.50%. Short-term traders experienced the largest increase, with addresses holding for less than 30 days rising by 109%. This new trader surge reflects increasing demand for quick profit from Dogecoin price action.

Technical Analysis Points To Future Price Directions

One TradingView account, FuaCompany, has plotted Dogecoin’s movement in what analysts call a rising channel. On the basis of this trend, two general scenarios for Dogecoin’s future price are on offer.

DOGE is currently trading at $0.15. Chart: TradingView

The first scenario shows Dogecoin rebounding from the lower edge of this channel and continuing to trend upwards. This would comply with what occurred before when the price rebounded back from $0.05 to higher levels.

The second scenario entails a temporary drop below the bottom line of the channel, plunging to around $0.08 before surging higher, both scenarios ultimately carrying long term bullish signals, with some projections estimating Dogecoin to even reach $0.70.

Weekly Performance Still Positive Despite Slump

Despite the recent slump, Dogecoin is still positive overall on the week. In fact, the cryptocurrency has shown quite a hefty rise-on-week for about 7.40% during the past week in spite of that dip.

DOGE price up in the last week. Source: CoinMarketCap

The price started off in early April with an initial volatility before strengthening with the Presidential Tariff declaration by Trump. Following the monthly peak on April 13, reaching 0.168, Dogecoin encountered what traders know to be a consolidation phase, where prices continue to trend sideways while forming in preparation for another move.

According to market observers, this pattern of gains and then consolidation is typical in cryptocurrency markets. The strong level of long positions shows most traders view the current price drop as just a temporary hiccup and not the start of a larger bearish trend.

Featured image from CoinFlip, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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XRP Leads Crypto Shopping List For Latin America Ahead Of ETH, SOL—Report

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New statistics released by crypto platform Bitso shows that XRP, as a payment option, is gaining traction with Latin American consumers. XRP currently accounts for 9% of all purchases on the platform and is gaining on much older crypto options like Ethereum and Solana. This marks a huge turnaround from 2023 when the token barely registered in an average customer portfolio in Latin America.

Mexican Users Drive XRP Adoption Throughout The Region

Interest in XRP among the Latin American nations was propelled by Mexican cryptocurrency traders. In Bitso’s report, Mexican users applied 10% of all cryptocurrency buying activity towards stocking up on XRP. This pattern occurred as total platform activity slowed, but XRP buying increased significantly against other cryptocurrencies.

Mexican popularity of XRP is noteworthy because Bitso processed substantial volumes of cross-border payments there. According to their reported volumes, Ripple processed $3.3 billion in remittances through their channel with Bitso in 2022 from the United States into Mexico.

Source: Bitso

Portfolio Composition Reflects Drastic Spike In XRP Holdings

In such a context, the report by Bitso brings out the most impressive discovery: the pace with which XRP came to the portfolios of Latin American cryptos. As of 2023, XRP was non-existent in the typical portfolio composition of Latin American Bitso clients. In 2024, that number had risen to 13%, reflecting a seismic change in local investment patterns.

Source: Bitso

This rapid adoption means portfolios of users in the region now include a significant XRP component, despite the token not registering in portfolio stats just a year earlier. The change signals growing confidence in XRP among Latin American cryptocurrency investors.

Bitcoin And Stablecoins Still Dominate Trading Activity

Though XRP demonstrated impressive growth, Bitcoin and stablecoins are still the leading options among Latin American crypto users. Based on the Bitso report, Bitcoin represented 22% of the total purchases on the platform in 2024, a decrease from nearly 30% during the first half of the year.

XRP is currently trading at $2.06. Chart: TradingView

Stablecoins led all cryptocurrency categories with almost 40% of purchases attributed to these dollar-pegged cryptocurrencies. Stablecoin appeal is probably due to their application as a local currency inflation hedge and entry point for other crypto investments.

Political Changes And Price Performance Drive Interest

XRP’s 230% price appreciation in 2024 – its best since 2021 – also likely helped to make it so popular. The majority of the rally, as per the report, occurred in the fourth quarter of the year.

The hope for XRP seems linked to US political events. The report indicates Donald Trump’s presidential win and SEC Chair Gary Gensler’s resignation spurred new interest in XRP. These triggered expectations of possible regulatory clarity that could favor XRP and its parent company Ripple, which has faced legal battles with US regulators.

Featured image from Pexels, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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What’s Up With BTC, XRP, ETH?

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Crypto Market Highlights: Another week has ended within the unpredictable world of cryptocurrencies, and investors are left cautious due to turbulent price actions. Bitcoin (BTC) price has traded around the same level in the past 7 days, whereas Ethereum (ETH) managed to lose nearly 1% within the exact duration. Ripple’s XRP price continued its consolidation phase this week, adding to speculations about its future price movements.

Mentioned below are some of the most buzz-worthy cryptocurrency market highlights reported by CoinGape Media over the past week.

Crypto Market Highlights: BTC Updates This Week

BTC price shut the week at around the $85K level, riding a roller coaster in the past seven days. The weekly bottom and peak for the flagship crypto were recorded at $83K and $86K, respectively. This turbulent price action comes despite a stockpile of bullish developments that appear to have considerably impacted investor sentiment this week.

CoinGape reported that Michael Saylor’s MicroStrategy again purchased 3,459 Bitcoin for $285 million and rattled the crypto market. The MSTR stock price also surged subsequently.

Further, Semler Scientific filed to buy $500 million worth of Bitcoin amid its $30 million DoJ settlement this week. With this mover, the firm aimed to boost its Bitcoin reserves despite the broader market uncertainty.

Meanwhile, it’s worth pointing out that U.S. President Donald Trump announced up to 245% tariffs on China this week. On the other hand, China was apparently mulling over the sale of 15K BTC, another intriguing development that captured investors’ attention globally.

Besides, BTC whales were recorded as absorbing 300% of the flagship coin’s new supply, sparking optimistic speculations about long-term price prospects.

Ethereum & XRP Developments

ETH is trading around a $1,600 price level, losing roughly 3% in the last 7 days. Despite this waning action, CoinGape has reported that a rally to $4,800 awaits the second-largest crypto by market cap. This bullish ETH price projection comes as the coin is trading on the north side of a key resistance trend.

However, it’s also worth pointing out that Ethereum faced increased selling pressure due to heightened whale dumps this week. In response to this, market participants are conversely anticipating a potential dip below $1.5 may also be possible.

Besides, Ethereum ETFs recorded $32 million worth of weekly outflows this week, adding further risk to the asset’s price.

In addition, Ethereum fees have also witnessed a severe price decline as user activity decreased amid the recent market turmoil.

XRP price stood at the $2.08 price level after witnessing a highly volatile trading session over the past week. Despite soaring ETF odds, the crypto has yet to see a rising price action. Notably, 9 XRP ETFs have been filed to date, including Bitwise, 21Shares, Grayscale, and Canary Capital.

On the other hand, Ripple whales have also moved hundreds of millions of dollars worth funds this week. 

The XRP lawsuit advanced as the U.S Court of Appeals granted Ripple and the SEC’s motion to suspend their appeals while they finalized the settlement. Overall, the abovementioned updates were some of the top crypto market highlights reported by CoinGape Media over the past week.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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