The crypto market had a strong week, with Bitcoin climbing to its highest point since February and the overall market cap pushing past $3 trillion. This week, investor attention is turning toward two major events: the Federal Reserve’s interest rate decision and potential progress in U.S.–China trade talks — both of which could influence crypto prices significantly.

Alongside these broader drivers, three altcoins are expected to make headlines due to internal developments: Immutable (IMX), Ethena (ENA), and IOTA.

Immutable (IMX): Token Unlock on Tuesday

Immutable X, a layer-2 Ethereum solution for NFTs and gaming, will unlock $10.4 million worth of IMX tokens on Tuesday, equal to about 1% of its circulating supply. This is part of the platform’s ongoing unlock schedule, which will conclude later this year.

Price-wise, IMX has been recovering steadily — from a low of $0.34 in April to around $0.60 now. It has formed a small inverse head-and-shoulders pattern, a bullish technical signal, suggesting more gains could be ahead.

Ethena (ENA): Major Token Unlock on May 5

Ethena, the creator of USDe — the fourth-largest stablecoin — will release $23 million worth of ENA tokens on May 5 as part of its monthly distribution plan. Each month, Ethena unlocks 171.88 million tokens, with the schedule set to run through 2028.

However, ENA’s price has been falling ahead of the unlock. It recently dropped below its 50-day moving average and exited a rising channel. If the trend continues, the next key support levels are at $0.2520 and $0.20.

IOTA: ‘Rebased’ Upgrade Launch

IOTA is rolling out its Rebased upgrade, which aims to fully decentralize the network by using over 150 validators. This will allow holders to earn a monthly yield, similar to other staking networks.

Rebased also introduces move-based smart contracts, opening the door for developers to build decentralized applications (DApps). These changes position IOTA as a stronger competitor to platforms like Ethereum and Cardano.

Conclusion

This week, IMX, ENA, and IOTA stand out due to critical project updates and token unlocks. As traders react to both these internal events and broader macro signals, expect increased volatility and potential trading opportunities across the board.