Last night, Binance launched a new mining project Ethena. Simply put, it is a stablecoin project. Its operating mechanism is to achieve an APY return of more than 30% through the capital exchange rate of the contract position + the ETH node staking income.
The unique design innovation of the Ethena project has also attracted a lot of capital. If you have not saved assets before, you can do it for free on Launchpad. Without taking into account the rise and fall of mining tokens, the total mining income is expected to reach 3 - 5 o'clock.
The project is quite high-quality, and my own Pendle has also risen to a certain extent because of this project. Combined with the recently launched ETHFI project, the DeFi sector is expected to explode.
It’s almost April. Let’s take a look at the unlocking information for large mainstream tokens in April:
• $DYDX - $117 million unlocked on April 1
• $SUI - April 3rd $129M Unlocked
• $EEFI - April 4th $12M Unlocked
• $DYM - $23M unlocked on April 6
• $GMT- April 9th Unlocked $40 million
• $CGPT - April 10th $15M Unlocked
• $APT - April 12th $428M Unlocked
• $NGL - $35 million unlocked on April 12
• $SEI - April 15th $106M Unlocked
• $ZBC - April 15th $11M Unlocked
• $STRK - $141M unlocked on April 15
• $UNI – $107 million unlocked on April 16
• $ARB - April 16th $153M Unlocked
• $LMWR - April 16th $21M Unlocked
• $AXS - April 17th $170M Unlocked
• $MANTA - $88M unlocked on April 18
• $ALT - April 25th $61M Unlocked
• $RON - April 27th $152M Unlocked
• $AXL - April 28th $54M Unlocked
◢ Entanglefi - $NGL - $35M unlocked on April 12
I don't think this unlock will add much pressure as it's probably already priced in.
There are several catalysts for $NGL in April:
- Mainnet launch
- Pledge points
- Liquid Vault launched
- $BORPA launch
Additionally, $NGL will serve as the blockchain’s Gas token during the mainnet launch.
Considering the huge potential of the Entangle ecosystem, there is still room for development.
I'm prepared to continue buying below $1.40, with a global target of $10+.
◢ Aptos - $APT - $428 million unlocked on April 12
Aptos shows promising growth potential, but it appears investors may be considering selling their tokens.
However, considering that the copycat season has yet to reach its peak, we can speculate that APT may show greater strength.
While it is difficult to predict the impact of unlocking on price, it is recommended to avoid trying to short.
◢ Dymension - $DYM - Unlocked $23M on April 6
This unlock is a linear donation of ecosystem tokens, so I don’t expect any price pressure.
However, interest in the project continues due to the wealth of opportunities available to stakeholders.
Several projects have already announced rewards for $DYM staking, and I expect this trend to continue, further increasing interest in the project.
Therefore, you get a double benefit:
- $DYM Growing Profits
- Staking rewards
It is expected that the first to second quarter of 2025 may be a good time to take profits.
◢ Starknet - $STRK - $141 million unlocked on April 15
It is not believed that this unlock will put pressure on prices as investors are looking for good returns on investment and it is too early to sell now.
$STRK may experience a similar situation to $SUI or $SEI; currently, the price is in an accumulation phase, but rising is only a matter of time.
I think this is one of the safest bets at 3x returns at current levels. However, if it drops to $1, that could turn into a 5x return.
In a bull market, the chip washing time will not be very long. Don't worry too much about whether you can get to the bottom. Just pursue vague correctness.
◢ Alt_layer - $ALT - Unlocked $61M on April 25
AltLayer is still interesting because it is consistent with the concept of next-gen projects and lacks the diagram on the left.
During every bull market, new coins show the strongest performance.
If you're looking to make a large investment with lower risk, it might be worth considering investing.
