Stablecoins are becoming the backbone of crypto, powering payments, trading, and DeFi. With the recent GENIUS Act giving them a legal framework in the U.S. and Circle’s IPO showing huge investor demand, the sector is entering a new phase of growth.
Altcoins remain flat, and relief selling may be limiting upside. Meanwhile, token unlocks showed mixed price impacts over the past month. This week’s highlights include major releases from $ENA and $TAIKO, rising mindshare for $ZBCN, and the debut of $SOPH.
$ENA stands as March's dominant unlock at a massive $973.605 million, representing 68.24% of its circulating supply and 14.22% of its total supply. This extraordinary event could fundamentally alter ENA's market structure.