Arbitrum, Ondo, Zetachain: Key Token Unlocks and Market Trends Explained
A deep dive into Arbitrum, Ondo Finance, and Zetachain as token unlocks and market dynamics signal pivotal weeks ahead for these cryptocurrencies.
By Tylt Editorial Team
Arbitrum faces market challenges as $67 million worth of tokens unlock this week, risking further downside.
Ondo Finance eyes potential gains from rising bond yields amid $2.38 billion in token unlocks.
Zetachain remains under pressure as its TVL drops and token prices hover near critical support levels.
Cryptocurrency markets experienced a challenging week as global investors adopted a risk-off approach following rising American bond yields. Bitcoin hovered below $95,000, and meme coins like Dogwifhat, Popcat, and Bonk led the decliners. The Federal Reserve’s hawkish stance, spurred by strong nonfarm payroll numbers and a jobless rate of 4.1%, has added to the bearish sentiment. Amid these dynamics, Arbitrum, Ondo Finance, and Zetachain emerge as the top cryptocurrencies to monitor this week.
Arbitrum, the second-largest layer-2 network, will unlock $67 million worth of tokens this week, representing 1.08% of its float. This unlock contributes to a total of 53% of its tokens already released, with the final unlock scheduled for April 2027. However, Arbitrum has been on a downtrend for the past 12 months, losing 70% from its 2024 peak. Market share erosion to Base Blockchain and technical resistance at $0.70 further dampen its prospects. A break below this key support could push prices to November’s low of $0.4625.
Ondo Finance will unlock $2.38 billion worth of tokens this Thursday, equivalent to 133% of its float. The network’s circulating supply stands at 1.38 billion against a maximum of 10 billion tokens, with unlocks continuing until 2029. Rising bond yields might benefit Ondo as its USDY and OUSG stablecoins offer yields of 4.35% and 3.28%, respectively. However, the token’s performance remains uncertain, with prices falling from $2.13 in December to $1.23 currently. A falling wedge pattern hints at a potential rebound to $1.4800, provided bullish momentum prevails.
Zetachain will unlock $145 million worth of tokens, representing 49% of its market cap. Once valued at $1.3752 in June, the token has seen a steep decline due to its shrinking DeFi TVL, which dropped from $16 million in November to $7 million today. The ZETA token struggles below all major moving averages, finding support at $0.5328. A breach of this level could lead to a further decline to $0.3530, marking its lowest point since 2024.
While these cryptocurrencies face significant challenges, the outcomes of this week’s token unlocks and market movements will likely shape their short-term trajectories. Investors are advised to monitor these developments closely.
