Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
APT, CYBER, GLMR Face Large Token Unlocks This Week – Will Prices Hold?

APT, CYBER, GLMR Face Large Token Unlocks This Week – Will Prices Hold?

CoineditionCoinedition2024/01/07 14:57
By:Victor Olanrewaju
  • APT may not hit $10 before the unlock because of the resistance at $9.69.
  • CYBER could face a pullback if its price rises to the Fib level at $7.80.
  • Should GLMR hold the $0.38 support, it could breakout and hit $0.45 soon.

About five crypto projects are set for token unlocks this week, according to data from Token Unlocks. Among the five, the biggest unlock is that of Aptos (APT) , which is scheduled to release $228.05 million worth of its token on January 12.

This value represents 8.05% of its total supply. Others involved in large unlocks include CyberConnect (CYBER) and Moonbeam (GLMR) . 

Details from Token Unlocks showed that GMLR’s unlock would be worth $1.24 million. CYBER, on the other hand, has plans to 8.51% of its supply, valued at $9.38 million.

Token unlocks refer to the release of a certain amount of coins previously prevented from entering into circulation. The mechanism aims to prevent team members or early investors from selling in large quantities.

Also, unlocking tokens causes market volatility and also has an impact on trading volume and prices. In most cases, prices of cryptocurrencies decline for a while after a token unlock event. 

Aptos (APT)

Aptos’ last unlock was in November 2023. Around that time, the price was $8.32. However, the impact on the unlock then was minimal and prices only traded sideways.

On January 5, the APT/USD 4-hour chart mirrored how the token plunged from $10.90 to $9.10. But, in the last 24 hours, APT followed the broader market recovery while changing hands at $9.11.

In the short term, APT might find it difficult to reclaim $10. This inference was because of the resistance at $9.69. Indications from the RSI showed that buying momentum had slowed down.

If the momentum does not turn bullish, bulls might not be able to break the resistance. Should bulls attempt it and face rejection, the cryptocurrency risks losing its hold on the $9 region.

Meanwhile, indications from the Awesome Oscillator (AO) also displayed negative momentum at -0.67. However, the green bars appearing on the AO was proof that bulls were trying to flip the narrative. 

APT, CYBER, GLMR Face Large Token Unlocks This Week – Will Prices Hold? image 0 APT, CYBER, GLMR Face Large Token Unlocks This Week – Will Prices Hold? image 1 APT/USD 4-Hour Chart (Source: TradingView )

If successful and the AO flips positive, then APT may reach $9.30 for start. Otherwise, the increase in circulation expected on January 12 might send the price downwards.

CyberConnect (CYBER)

Like Aptos, CYBER’s last token unlock was around a month back. Interestingly, CYPBER’s price at press time was $7.51. This value represents a 24-hour 11.02% hike, based on CoinMarketCap data.

Furthermore, CYBER’s emerging bullish structure per the 4-hour chart showed that the price might rise higher. Coin Edition looked at the Fibonacci retracement indicator and noticed that CYBER could rise as high as $8.13.

The price level was where the 0.786 Fib level sat. However, the $0.618 Fib level showed that CYBER might capitulate at $7.80 if demand fails to increase. Should this happen, the next entry level could be around $7.50 where the $0.382 level was located. 

APT, CYBER, GLMR Face Large Token Unlocks This Week – Will Prices Hold? image 2 APT, CYBER, GLMR Face Large Token Unlocks This Week – Will Prices Hold? image 3 CYBER/USD 4-Hour Chart (Source: TradingView )

Meanwhile, the Accumulation/Distribution (A/D) indicator has been increasing since January 6. This movement supports the initial bullish thesis and possible rise above $8. 

However, it is important to mention that the price might reverse if participants begin to take profits.

Moonbeam (GLMR)

As of this writing, GLMR changed hands at $0.40. This price denoted a mild increase in the last 24 hours.

However, the GLMR’s price action in the 4-hour timeframe showed that it could be on the verge of a breakout. This was because of the asymmetrical triangle formation. Although the pattern has only shown minimal signs of the potential trend.

For confirmation of the breakout, the MACD has to exit its largely bearish state. If this happens, then GLMR can flip the $0.45 resistance as long as the $0.38 support holds.

APT, CYBER, GLMR Face Large Token Unlocks This Week – Will Prices Hold? image 4 APT, CYBER, GLMR Face Large Token Unlocks This Week – Will Prices Hold? image 5 GLMR/USD 4-Hour Chart (Source: TradingView )

However, the inability to breach $0.45 poses a risk for the cryptocurrency as the price could drop below $0.40.

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.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Positioning for the 2025 Bull Run: Why Mutuum Finance (MUTM) Outpaces Traditional Altcoins

- Mutuum Finance (MUTM) emerges as a DeFi leader in the 2025 bull run with structured presale phases and 500% projected returns. - Its deflationary tokenomics, dual-income lending model, and $100k security incentives differentiate from traditional altcoins. - Cross-chain expansion to Ethereum/BNB Chain and mtUSD stablecoin position MUTM to capture multi-ecosystem liquidity. - Institutional-grade CertiK audits and EIP-4844 upgrades contrast with traditional altcoins' weaker security frameworks. - MUTM's 600

ainvest2025/08/28 20:24
Positioning for the 2025 Bull Run: Why Mutuum Finance (MUTM) Outpaces Traditional Altcoins

The Digital Dollar Revolution: How Strategic Partnerships Are Powering USDC's Global Expansion

- USDC, the second-largest fiat-backed stablecoin, surged to $65.2B in circulation by August 2025, driven by strategic partnerships reshaping cross-border payments. - Finastra and Mastercard integrated USDC into legacy systems, enabling instant settlements, 90% cost reductions, and currency risk mitigation for emerging markets. - The U.S. GENIUS Act (2025) and Circle’s trust bank application provided regulatory clarity, boosting institutional confidence in stablecoin adoption. - USDC’s 28% market share and

ainvest2025/08/28 20:24
The Digital Dollar Revolution: How Strategic Partnerships Are Powering USDC's Global Expansion

Ethereum vs. Ozak AI: Evaluating 2025's High-Growth Crypto Opportunities

- Ethereum bridges traditional finance and decentralized AI ecosystems via institutional adoption, with $28.15B in ETF assets and AI-integrated smart contracts. - Ozak AI offers high-risk, 100x return potential through presale tokens ($0.005→$1) and AI-driven market analytics, but faces execution and regulatory risks. - The crypto market bifurcates in 2025: Ethereum provides stable infrastructure growth while Ozak AI targets speculative AI utility in Web3 applications. - Investors must balance Ethereum's i

ainvest2025/08/28 20:24
Ethereum vs. Ozak AI: Evaluating 2025's High-Growth Crypto Opportunities

XRP’s Regulatory Resurgence and the PayFi Revolution: How Bitcoin Holders Are Fueling the Shift to High-Utility Payment Cryptocurrencies

- Bitcoin holders shift capital to XRP and RTX amid 7% Q3 correction, driven by regulatory clarity for XRP and PayFi innovation. - XRP's $180B market cap surge follows SEC's 2025 commodity reclassification, with Ripple's ODL processing $1.3T in cross-border payments. - RTX's PayFi platform targets $19T remittance market, offering 1% fee transfers in 30+ countries and attracting $21.5M in presale funding. - Market shift reflects investor preference for utility-driven assets like XRP's institutional liquidit

ainvest2025/08/28 20:24
XRP’s Regulatory Resurgence and the PayFi Revolution: How Bitcoin Holders Are Fueling the Shift to High-Utility Payment Cryptocurrencies