Weekly Token Unlocks: ARB, APT, SEI Prices Rally Despite $120 Million in New Supply

Over $120 million worth of new tokens from projects like Arbitrum, Aptos, and Sei are hitting the market this week. But in a surprising show of strength, the prices of the affected altcoins are mostly shrugging off the new supply and rallying higher.

Arbitrum (ARB): Shrugging Off a $38 Million Unlock

Arbitrum saw $38.63 million in tokens unlocked, representing 1.80% of its circulating supply. Despite the significant unlock, ARB’s price remained resilient, climbing to $0.4207, up 3.23% on the day.

Source: CoinMarketCap

The chart structure showed a bounce from a strong support near $0.4080, followed by higher highs. Current resistance is seen at $0.4300–$0.4320. A breakout above this level could fuel further gains, especially with volume up over 70%. However, a close below $0.4080 could signal a short-term trend shift.

Aptos (APT) and Sei (SEI) Also Show Strength

Aptos unlocked $30.31 million, just over 1% of its supply, yet surged nearly 6% to $4.59. After opening at $4.34, it spiked to $4.72, showing strong buyer interest.

Source: CoinMarketCap

Support is forming around $4.50, with the next key resistance at $4.74. Sustained momentum above this could trigger a further rally.

A recurring theme. Token unlocks are a constant factor in the market. Here’s our analysis of what happened during token unlocks a few weeks back.

Similarly, Sei, which released $17.07 million in tokens, remained stable around $0.3056, showing mild gains.

Source: CoinMarketCap

Price action has been range-bound but slightly tilted upward. A breakout above $0.315 may signal a continuation of the uptrend, while a fall below $0.300 could reverse the outlook.

Starknet (STRK) and io.net (IO) Follow the Trend

Starknet and io.net had smaller unlocks $16.05M and $6.08M respectively but both tokens reacted with strong upward price action.

Source: CoinMarketCap

STRK rose nearly 3% to $0.1266, reclaiming short-term support near $0.1255. If it breaks $0.1290, the price may aim for $0.132 and beyond.

Source: CoinMarketCap

Meanwhile, IO unlocked $6.08 million, and the token surged almost 4% to $0.6067, riding a strong intraday rally after bottoming at $0.572. A sustained move above $0.630 could trigger a push toward $0.65. Failure to hold $0.600 may lead to a pullback to earlier lows.

What else is moving? Arbitrum isn’t the only altcoin on the move. Here’s CoinEdition’s list of altcoins to watch as Ethereum price races to $4000.