Upcoming Lock Expansions and their Impact

February 7, 2025

• SUI (Sui): SUI 378,060 ($1.26M) → Market capitalization impact: 0.01
• GRT (The Graph): GRT 72.52M ($10.18M) → Market capitalization impact: 0.76
• WLD (Worldcoin): 3.42M WLD ($4.21M) → Market capitalization impact: 0.33

February 9, 2025

• TIA (Celestia): TIA 998,404 ($3.04M) → Market capitalization impact: 0.19

February 12, 2025

• IMX (Immutable X): 27.92M IMX ($22.75M) → Market capitalization impact: 1.60

February 13, 2025

• APE (ApeCoin): 15.60M APE ($11.31M) → Market capitalization impact: 2.07
• MELANIA: 70.00M MELANIA ($91.56M) → Market capitalization impact: 46.67

February 14, 2025

• PLUME: 110.43M PLUME ($15.54M) → Market capitalization impact: 5.52

Possible Market Impacts

Large unlocks can create significant selling pressure, especially in projects like MELANIA (46.67%) and PLUME (5.52%). Tokens with such large unlocks are closely watched by investors and a possible wave of selling could cause significant fluctuations in the price.

Tokens like SUI, GRT and TIA, which have lower open rates, may affect prices to some extent, but do not carry the risk of a large-scale drop. In these projects, it is important for investors to be more cautious about expansions and observe the volume situation.

On the other hand, token launches in large projects like IMX and APE could put moderate pressure on prices. In particular, the movements of large investors (whales) can play a key role in determining how these assets are priced in the market.

Such key breakout data provides important signals for investors. It is critical to follow market movements and be cautious about price fluctuations that may occur after openings.

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The post Major Token Unlocks in the Coming Days appeared first on Coin Engineer.

“Normally, before a Wells notification is issued, there are months of discussions between the SEC and the company’s attorneys so that the SEC can fully understand the situation,” Immutable said in a statement on Thursday. “However, in our initial interaction with the SEC, we were told that the company would receive a Wells notification within a week, and we received the notification within hours.”

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Immutable noted that the SEC believed the allegations could include a listing and private sale of the IMX token in 2021, but the notification provided little detail. The company also said, “We are aware of relevant investigations from the Department of Justice, but there are no actual or proposed legal actions at this time.”

While the SEC does not comment on potential investigations, Wells notices have been sent to several crypto firms over the past year, including Robinhood Crypto, Crypto.com, and OpenSea. The SEC has also taken enforcement actions against Coinbase, Kraken, and other major firms. SEC Chairman Gary Gensler emphasized that crypto firms must comply with the rules and register with the SEC, and that investor protections are vital. However, some in the crypto industry have argued that the rules made for traditional financial institutions do not apply to the digital asset industry, and therefore registration is not possible.

Immutable has argued that IMX is not a security and has announced that it will continue to fight on this issue if necessary. The company said, “We are confident in the value that digital property can bring to the 3.1 billion gamers in the world, and the power of blockchain to create a better internet,” and that it will fight resolutely to defend both its rights and the rights of the industry if necessary.

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The post Immutable Announces It Received a Wells Notification from the U.S. SEC appeared first on Coin Engineer.

While Bitcoin dragged altcoin prices down with its sharp correction, a warning came from 10x Research on the subject.

Cryptocurrency analysis and research firm 10x Research, in its report published on May 8th, stated that approximately $2 billion worth of unlocks will occur over the next 10 weeks, which could pull the market down.

It is expected that approximately $97 million worth of Aptos (APT), $79 million worth of Starknet (STRK), $94 million worth of Arbitrum (ARB), $53 million worth of Immutable X (IMX), $330 million worth of Avalanche (AVAX), $64 million worth of Optimism (OP), $28 million worth of PRIME, $1 billion worth of Sui (SUI), $48 million worth of Ethena (ENA), $171 million worth of Altlayer (ALT) and $135 million worth of XAI tokens will be released and enter circulation in the next 2 months.

The report included the following statements regarding the selling pressure:

Venture capitalists may limit upside momentum and put downward pressure on prices when locks are unlocked.

The post Crypto Company Warns: Danger in 10 Altcoins Could Pull Market Down! appeared first on Coin Engineer.

UMA Coin Price Analysis:

UMA Coin enormusly pumped from $1.9 to $7 last month. Then investors sold profits and the cryptocurrency’s price fell as low as $3.97. Today, Uma Coin is trading above $ 4.6, up 17% from $ 3.97. The support level to follow is $4, while the upper resistance zone is $5.

What is UMA?

UMA, the native cryptocurrency of the UMA protocol (Universal Market Access protocol), serves as the foundation for a platform that enables users to generate their own synthetic assets. These synthetic assets are digital tokens designed to mirror and monitor the value of real-world assets. Referred to as “priceless financial contracts” within the platform, these tokenized assets offer users the ability to gain exposure to various assets and markets in a decentralized and efficient manner.

API3 Price Analysis:

Like UMA, API3 has experienced a bumpy price movement over the past month. API3 rose from $1.5 to $3.3 and charted a bit scary for its investors. Finally, the coin is up 15% today, trading at $3.6. While our support zone in API3 is 3 dollars, the next resistance zone is 3.6 dollars, where it is currently located.

What is API3?

API3 serves as the native token of the API3 project, granting holders the privilege to engage in the governance of the API3 ecosystem via the API3 DAO (Decentralized Autonomous Organization). To acquire shares in the API3 DAO, token holders must stake their API3 tokens into the insurance pool, which additionally provides them with access to weekly staking rewards. This setup enables token holders to actively participate in shaping the future direction and decisions of the API3 ecosystem while incentivizing participation through staking rewards.

IMX Coin Price Analysis:

IMX has been on a slow but steady uptrend from $1.6. It has been rising for almost the last two weeks and is currently trading at $2.9, up 6%. While the support zone for IMX is $2.5, the resistance zone seems to be the $4 level. This price trend

What is IMX?

Immutable X (IMX) serves as the native token of an NFT (non-fungible token) marketplace, functioning as a layer 2 network solution for the Ethereum blockchain. Leveraging zero-knowledge proof technology, Immutable X provides users with low transaction fees, rapid transaction speeds, and enhanced scalability, enabling the network to handle a greater volume of transactions without compromising performance. This infrastructure facilitates efficient and seamless trading of non-fungible tokens while addressing some of the key limitations of the Ethereum network.

The post UMA, API3, IMX Coin Price Analysis appeared first on Coin Engineer.

Immutable, as a leader in blockchain game development, aims to support blockchain game developers in launching and scaling their games with this strategic partnership with Amazon Web Services (AWS).

Thanks to this collaboration, the company joined the Accelerate program of  Amazon Web Services and also will have the opportunity to provide technical support to game developers using the Ethereum-compatible Immutable X blockchain.

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Additionally IMX, after its partnership with AWS, stated that “As the Web3 gaming industry continues to grow, our company is forming strong strategic partnerships to make game development processes secure, simple, and accessible. Immutable has made a significant collaboration with Amazon Web Services (AWS) to accelerate mainstream adoption.”

After the partnership announcement of Immutable with Amazon, a sudden rise of 7% was observed in IMX Coin from $0.5374 levels to $0.5751 levels. However, the price returned to the starting point as sales started a few minutes later.

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