Market
Token Unlocks Worth $17B Could Devalue Crypto, Experts Say

Analysts say the crypto market should brace for a wave of token unlocks totaling $17 billion by the end of April, raising concerns about devaluation and market saturation.
This follows a recent market event that saw nearly $10 billion in long liquidations, further straining liquidity.
TGEs and Market Saturation Spell Trouble for New Projects, Analysts Say
BeInCrypto reported on a historic crypto liquidation event provoked by US President Donald Trump’s tariffs. However, Bybit CEO Ben Zhou estimated that crypto liquidations after US tariffs could have been between $8-$10 billion, far exceeding reported figures.
Analysts now warn that the market is increasingly unwilling to support new execution environments that lack unique value propositions.
“The market can no longer absorb execution environments that add no value,” the analyst wrote.
While they cite post-token generation event (TGE) struggles among numerous projects, this perspective aligns with recent reports indicating crypto investors’ shifting focus from meme coins to altcoins with real-world value.
Citing Messari, a recent analysis by DeFi researcher Monk highlights the performance struggles of multiple blockchain projects post-TGE. Since their token launches, projects such as Starknet, Mode, Blast, zkSync, Scroll, and Dymension have experienced sharp declines.

The stark exception to this trend is Hyperliquid, whose HYPE token price has soared by 1100%. This highlights the rarity of success amid a sea of struggling chains.
Historically, large-scale token unlocks have hurt prices. A study by Keyrock Research found that 90% of token unlocks lead to price declines, as increased supply often outstrips demand. When vesting schedules release many tokens into circulation, early investors and insiders frequently cash out, intensifying selling pressure.
Arthur, founder and CIO of Defiance Capital, reinforces this perspective. He highlights significant declines in TVL (total value locked) among most of these chains after their token launches.
“This indicates not only weak token demand but also challenges in attracting and retaining users and liquidity,” Arthur added.
Analyst Explains Why New Chains Are Struggling
Notably, data on DefiLlama shows projects like Scroll and Blast have seen their TVL drop by more than 80% since their TGEs. The broader trend suggests that the market has an oversupply of blockspace.
According to the Defiance Capital executive, new Layer 1 (L1) and Layer 2 (L2) chains are increasingly having difficulty differentiating themselves. The challenge comes as established networks like Solana (SOL) and other prominent L2 solutions continue to thrive.
“The Solana Singularity. 2024’s crop of L1s and L2s launched, pumped, and plummeted. TVL drained; speculation faded, and zero sticky demand. Meanwhile, Solana just keeps winning,” another user, DefiBanked.sol on X, remarked.
The user emphasized that Solana’s strong fundamentals enable it to outpace newer chains. He cited Solana’s exceptional speed (400ms block times) and ultra-low transaction fees. According to the analyst, additional valuables on Solana include its thriving ecosystem spanning DeFi and NFTs, meme coins, and real-world assets (RWAs).
The struggles of recent blockchain launches reveal a growing intolerance for redundancy. Projects that fail to justify their existence will find themselves relegated to irrelevance. Meanwhile, established networks with strong utility, user adoption, and liquidity dominate.
Therefore, developers and investors must shift their focus toward innovation. New chains risk becoming just another casualty in an increasingly competitive space without a clear and compelling use case.
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Market
Stellar (XLM) Price Could Surge To $0.38 — Analyst Explains How

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.
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Market
XRP Price To $110? Bollinger Bands Creator Reveals Why It Will Become A Market Leader

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The XRP price could be staging a parabolic rally to new all-time highs of $110. While an analyst shares a technical analysis to back this ambitious target, Bollinger Bands creator John Bollinger declares XRP to be a market leader in the crypto space.
Analyst Predicts New XRP Price Target To $110
In a rather lengthy X (formerly Twitter) post, market expert Egrag Crypto went deep into his analysis for the XRP price, basing his predictions on its Elliott Wave structure. The crypto analyst confidently forecasted that XRP was heading towards a new $110 ATH. This bullish target would represent a whopping 3,974% increase from its current market value.
Related Reading
Firstly, Egrag Crypto outlines XRP’s five-wave structure, underscoring that each wave could push the cryptocurrency to a new target. The analyst reveals that XRP is currently in Wave 2 of its Elliott Wave structure and is closely approaching Wave 3, which is expected to trigger the most explosive increase.
In Wave 1, XRP saw an impressive 733% increase to new highs. However, in its current Wave 2, Egrag Crypto highlights that its 2017 fractal appears more profound. With the formation of a Double Bottom pattern, the analyst has predicted a potential price breakdown for the cryptocurrency.

Egrag Crypto further forecasts that Wave 3 will trigger a reversal and cause the price to skyrocket by 1,185%. This massive price increase would effectively place the XRP price at a potential target between $22 and $24. For a more conservative target, the analyst estimates a surge of around $22 to $24.
For Wave 4, Egrag Crypto predicts another major retracement similar to Wave 2. However, this time, the analyst believes XRP could decline by either 14.6%, 23.6%, or 38.2% from Wave 3’s price high. This correction would mark a 65% drop from Wave 3’s peak, bringing the cryptocurrency’s price down to $8. He also highlights a worse-case bearish scenario where XRP crashes as low as $3.4.
Notably, Egrag Crypto shares three potential bullish targets for Wave 5, the final part of the Elliott Wave Structure. He forecasts that the altcoin could surge between $32 to $48, $60 to $70, or $95 to $110. The analyst has based his optimistic forecast on past cycle trends, where 2017 saw a major price rally for XRP.
Bollinger Bands Creator Says The Asset To Become Leader
In other news, Bollinger, the creator of the renowned Bollinger Band technical analysis tool, has highlighted XRP in his latest post, questioning whether it could take a leading role in the crypto market. The technical analyst asserts that Ripple has held up better than other primary crypto vehicles.
Considering its legal battles with the US SEC and present regulatory challenges, Ripple continues to remain resilient, aiming to gain clarity during the final stages of the five-year-long lawsuit. Meanwhile, the XRP price, which is currently trading at $2.4, has experienced a recent uptick, increasing by almost 4% in the last day, according to CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com
Market
Bitcoin ETF investors hold strong despite a 25% BTC price drop: Here’s why


- US Bitcoin ETFs collectively manage $115 billion in assets
- Since mid-February, Bitcoin ETFs have witnessed total outflows of nearly $5 billion
- Bitcoin’s decline continues as selling pressure intensifies
Even as Bitcoin’s price has tumbled 25% since the start of 2025, a staggering 95% of investors in US spot Bitcoin ETFs have held firm, resisting the urge to sell.
Despite market volatility and macroeconomic uncertainties, Bloomberg data suggests that the overwhelming majority of ETF holders remain unfazed, showcasing strong conviction in Bitcoin’s long-term potential.
Bitcoin ETFs show resilience
Bloomberg ETF strategist James Seyffart reported that inflows into Bitcoin ETFs have slightly declined to $35 billion, down from their $40 billion peak.
However, this still represents over 95% of investor capital remaining in ETFs, even as Bitcoin’s price struggles.
Institutional investors, including Goldman Sachs, continue to maintain significant exposure, with more than $1.5 billion invested in Bitcoin ETFs.
As of now, US Bitcoin ETFs collectively manage $115 billion in assets, underscoring the staying power of both retail and institutional investors despite the crypto market downturn.
Bitcoin ETF outflows persist
Since mid-February, Bitcoin ETFs have witnessed total outflows of nearly $5 billion.
On March 13 alone, outflows reached $135 million, according to Farside Investors.
However, BlackRock’s iShares Bitcoin Trust (IBIT) remains an exception, attracting net inflows of $45.7 million amid the broader sell-off.
Bitcoin price faces pressure
Bitcoin’s decline continues as selling pressure intensifies due to macroeconomic concerns, including the Trump administration’s ongoing tariff battle.
While BTC briefly surged above $84,000 following the release of US CPI data on Wednesday, it failed to hold above key resistance levels.
At press time, Bitcoin is trading at $81,953, down 1.56% on the day, with daily trading volume dropping 22% to under $30 billion.
According to Coinglass data, 24-hour liquidations have spiked to $75 million, with $52 million in long positions being wiped out.
CryptoQuant CEO Ki Young Ju noted that Bitcoin demand appears “stuck” at current levels but emphasized that it is still “too early to call it a bear market.”
Long-term Bitcoin holders continue accumulating
Despite Bitcoin ETF outflows, on-chain data reveals that long-term holders are accumulating more BTC.
Crypto analyst Ali Martinez reported that these investors have added over 131,000 BTC to their wallets in the past month alone, signaling confidence in Bitcoin’s long-term trajectory.
With Bitcoin’s price volatility and ETF outflows persisting, the coming weeks could be crucial in determining whether investors’ diamond hands will hold firm or if selling pressure will intensify.
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