SAGA, XAI, IMX, SAND in Focus

• SAGA has 94% of its supply locked, indicating future selling pressure as tokens unlock.
• XAI remains bearish with 60% of its supply locked, posing future volatility risks.
• IMX shows strength with only 25% of its supply locked and steady price gains.

With the GameFi sector picking up steam, a look at how key projects distribute their tokens shows a range of future supply unlocks.

Token Unlocks on an X post shows that Saga (SAGA), Xai (XAI), Immutable (IMX), and The Sandbox (SAND) have very different amounts of locked tokens, which could affect how their prices move.

Saga (SAGA) is still early in its token distribution. With 94% of its total supply locked up, the project has plenty of room for future token releases. This large locked supply means SAGA could face increased selling pressure as these tokens gradually become available.

Despite this, the market seems positive, with SAGA’s price up 8.07% in the past day. It’s currently trading at $1.39, with a market cap of $138.7 million and a 24-hour trading volume of $46.8 million. The daily chart for SAGA shows a recent bullish reversal, with the price climbing above the 9-day EMA and the RSI at 52.01, suggesting neutral momentum.

Xai (XAI) has over 60% of its supply locked, with a big chunk held by the team and investors. This concentration could cause significant price swings when these tokens unlock. Even so, XAI’s price is up 1.51% in the past day, reaching $0.2187.

XAI’s market cap is $123.2 million, with a 24-hour volume of $16.0 million. Its Relative Strength Index (RSI) of 40.70 suggests it might still be in a bearish phase, but this could change as market sentiment shifts. The MACD histogram shows a slight bullish divergence, hinting at a potential reversal.

Immutable (IMX) is further along in its token distribution, with less than 25% of its supply still locked. All investor tokens have been unlocked, lowering the risk of big supply increases affecting the market. IMX has responded well, with its price rising 6.53% to $1.322 over the past day.

The token’s market cap is now $2.08 billion, with a 24-hour trading volume of $46.4 million. IMX’s RSI of 55.88 indicates a stronger market position compared to its peers. Its daily chart shows a steady upward trend, with the price above the 9-day EMA.

Finally, The Sandbox (SAND) stands out with only 6.8% of its supply locked and no remaining investor allocations. This indicates that SAND is in the final stages of its token distribution, which could provide more stability to its market price. At press time, SAND was trading at $0.2838, up 2.68% over the past day.

The token’s market cap is $661.9 million, with a 24-hour volume of $41.1 million. The RSI of 54.24 suggests a balanced market, with no signs of being overbought or oversold. SAND’s daily chart shows the price breaking above the 9-day EMA.