Starknet and Arbitrum Face Token Unlocks | Credit: Hameem Sarwar
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Key Takeaways
Starknet (STRK) will unlock 5% of its circulating supply on Nov. 15
Arbitrum (ARB) will unlock 2% of its circulating supply on Nov. 16.
Will these token unlocks cause selling pressure and cause a price crash?
Two major token unlocks are set to hit the market this weekend, creating selling pressure in an already bearish market.
Starknet will release a sizable chunk of its supply on Nov. 15, followed by Arbitrum’s unlock on Nov. 16.
Both assets have been struggling with downward momentum, and traders are watching closely to see whether these events deepen the existing bearish trends.
Starknet’s Token Unlock
Starknet will unlock more than 5% of its circulating supply on Nov. 15.
This is part of a monthly cliff unlock schedule that has been ongoing for over a year, resulting in a substantial increase in the circulating supply.
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Momentum indicators give no clear direction for the future trend. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are in bullish territory.
However, they have been in an unclear trend for several months, moving freely above and below 50 and 0.
Therefore, the future trend of Starknet remains unclear. The price may continue consolidating inside the triangle for a while before eventually deciding on the direction of the future trend.
Arbitrum’s Token Unlock
Arbitrum will unlock nearly 2% of its supply on November 16, as part of a linear unlock schedule that has been ongoing for more than a year.
Although Arbitrum’s unlock is smaller than that of Starknet, it is still substantial and could add more selling pressure to an already declining price.
As long as the price of Arbitrum trades below this level, the long-term trend remains bearish.
If the decline continues, the next closest support level will be at $0.136, created by the 1.61 external Fibonacci retracement support level.
Unlocks Create Selling Pressure
With both STRK and ARB facing fresh supply entering the market, the next few days may be pivotal for their price action.
Starknet’s larger emission and long-term inflation risk add weight to an already fragile chart. Arbitrum’s breakdown below support suggests new lows are likely.
These unlocks could create new lows, exacerbating the existing bearish structure.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
