The crypto market remains under pressure, with Bitcoin and most altcoins falling into a bear market. Bitcoin price has dropped from $126,200 in October, while XRP has dropped by over 40% from its highest level this year.
This article explores some of the top crypto tokens to watch this week, including top tokens like Starknet (STRK), Sei (SEI), Aster (ASTER), Zebec Network (ZBCN), Cronos (CRO), and Pudgy Penguins (PENGU).
Starknet (STRK)
Starknet is a top crypto platform with over $290 million in total value locked (TVL) and $128 million in stablecoin supply. Its goal is to create an active DeFi layer for Bitcoin, the industry’s largest cryptocurrency.
Starknet price has crashed by 60% from its highest level this year and is now hovering near its lowest level since November 7.
The STRK token will be in the spotlight this week as the network unlocks 163 million coins worth over $16 million, or 1.63% of the market cap. According to CoinMarketCap, the network has already unlocked 47% of its tokens so far.
READ MORE: Dogecoin Price Prediction as Grayscale, Bitwise DOGE ETFs Backfire
Sei (SEI)
Sei is another top crypto to watch this week as the network unlocks 121 million tokens worth over $15.27 million. It has unlocked 63% of its total supply, which likely explains why the token has crashed to $0.1260, down 67% from its September high.
Sei price has crashed despite its growing market share in the gaming industry, where it has become the biggest player with millions of users from around the world.
However, the network has struggled in other areas in the past few months. For example, the total value locked (TVL) in its network has dropped by 22% in the last 30 days, while its stablecoin supply remains at $86 million.
Aster (ASTER)
Aster is another top crypto to watch this week, as its role in the industry continues to grow. For example, it has become the largest player in the perpetual DEX industry, surpassing Hyperliquid, a company that recently dominated.
Aster Network processed $259 billion in volume in November and has already processed transactions totaling over $97 billion this month.
The Aster token will be in the spotlight this week as it unlocks 200 million ASTER tokens worth $190 million. It has a long way to go as it has only unlocked 29% of the supply.
On the positive side, Aster typically offsets token unlocks with burns, removing some tokens from circulation. It also buys millions of ASTER tokens a week.
READ MORE: Pyth Network Plans Chainlink-Like Treasury Reserve Amid Token Slide
Zebec Network (ZBCN)
Zebec Network price has been in a strong downward trend in the past few months, moving from a high of $0.0071 in May to the current $0.0026. This crash happened as the hype surrounding the network earlier this year waned.
Another reason for the ZBCN price crash is that the network has continued to unlock more tokens, increasing its supply. Another 1 billion ZBCN tokens will be unlocked on Monday.
Unlike the other tokens listed here, Zebec is about to end the unlocks now that it has released 90% of its tokens. As a result, the token may rebound once the supply increase ends.
Cronos (CRO) and Pudgy Penguins (PENGU) Are the Other Top Crypto To Watch
The other top crypto tokens to watch this week will be Cronos and Pudgy Penguins, which will unlock 1.17 billion and 6.51 billion tokens, respectively.
CRO has unlocked just 9% of its tokens because of a vote earlier this year that reversed a large token burn from a few years ago.
Pudgy Penguins, on the other hand, has unlocked 70% of its tokens. Some of the other top tokens to watch this week will be Lombard, Merlin Chain, and LayerZero.
