Crypto Shake-Up Coming? These 3 Altcoins Are Releasing Massive Token Unlocks This Week!

Updated

May 5, 2025

Gambar Crypto Shake-Up Coming? These 3 Altcoins Are Releasing Massive Token Unlocks This Week!

Jakarta, Pintu News – As we enter a new month, crypto markets are bracing for the release of previously locked altcoin tokens. This release is scheduled to happen in the second week of May, where a number of previously restricted tokens will start circulating in the market.

In some cases, altcoin prices spiked before and after the release. However, in most cases, prices corrected as the increased supply led to higher selling pressure.

In this analysis, the CCN website revealed that the top three altcoins are expected to increase the number of tokens in circulation next week.

Ethene (ENA)

ENA, the native cryptocurrency of synthetic dollar provider Ethena, is included in the list of altcoins that will experience a token release next week. According to data from Tokenomist (formerly known as Token Unlocks), the ENA token release is scheduled to take place on May 5.

On that date, Ethena is expected to release 171.88 million ENA tokens to the market, which represents 3.10% of the total circulating supply. The total value of the tokens is estimated to be nearly $53 million.

As of May 4, 2025, the price of ENA is around $0.31, down 17% in the last seven days. However, it doesn’t look like ENA will see a recovery anytime soon.

One reason for this is because ENA is still trading within a descending channel pattern on the daily chart.

In addition, the Awesome Oscillator (AO) indicator shows red histogram bars, indicating that the market momentum towards ENA is still bearish.

If this trend continues, the price of ENA could drop to $0.25 ahead of the token release. However, if the demand for ENA is able to outpace the new supply pressure, this scenario may not happen.

In such a situation, the price of ENA could break the upper limit of the descending channel pattern. If this happens, the altcoin could potentially rise to a price of $0.51, and could even reach $0.67.

Kaspa (KAS)

Kaspa is also among the altcoins scheduled for token release next week. Based on available data, the project plans to release 144.64 million KAS tokens on May 7.

This amounts to about 0.55% of the total circulating supply, with a value of over $13 million. Unlike ENA, KAS is not expected to experience a sharp price correction ahead of the token release.

Based on the daily chart, the Moving Average Convergence Divergence (MACD) indicator is showing a positive signal, indicating bullish momentum in the cryptocurrency.

If this trend continues, the price of Kaspa has the potential to break the resistance level at $0.11. If this is confirmed, then the value of KAS could rise to reach $0.14.

Conversely, this prediction could be invalidated if the market momentum turns bearish. If that happens, the price of KAS will likely correct down to $0.083.

Movement (MOVE)

MOVE becomes the third altcoin on the list that will see a token release next week. Recently, the project was hit by a controversy that resulted in one of its founders being suspended by the Movement Labs team.

The controversy also triggered a sharp drop in MOVE’s price. Despite this, Movement Labs still plans to release 50 million MOVE tokens on May 9, which is equivalent to 2% of the total supply.

At the current price, the value of the tokens to be released is estimated to be around $10.05 million. On the daily chart, the price decline has made Movement enter oversold territory, as indicated by the Relative Strength Index (RSI) indicator.

However, as of May 4, 2025, the RSI value is showing signs of recovery in an upward direction, indicating a possible bullish trend reversal. If this indicator continues to strengthen, MOVE’s price could rise to $0.33.

In a very optimistic scenario, the price could even surge up to $0.46. However, if selling pressure intensifies again, MOVE’s price could fall deeper below the $0.15 level.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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