Been checking the charts again this morning and damn, $PIXEL is throwing some real signals.
I’ve been watching this token since the Ronin move last year, swapping between farming sessions and price alerts like it’s my side hustle. Today hit different though. Pulled up the 1D chart and there it was – that upcoming unlock staring everyone in the face. 91.18 million PIXEL tokens dropping today. That’s 1.8% of total supply, roughly $704k at current levels. Heads up, stuff like this usually shakes things loose short term.
What I noticed first was the price holding surprisingly steady around $0.0077. It spiked to a 24-hour high of $0.00875 before pulling back to the $0.0075 zone. Volume? Still healthy. Over $29 million traded across exchanges in the last day alone, with Binance alone pushing nearly 345 million tokens. That’s not ghost-town liquidity. Compare it to the all-time high of $1.02 back in March 2024 and yeah, we’re a long way off. Market cap sitting at roughly $5.95 million with 771 million circulating out of 5 billion total. But zoom out a bit – last seven days it’s up over 10%. That’s quietly outperforming the broader crypto market. Not gonna lie, the chart looks like it’s consolidating after a quick leg up. Support around $0.0075 feels decent for now, and the neutral RSI isn’t screaming overbought or anything.
Dug a little deeper into the numbers. With Pixels being that free-to-play farming game on Ronin – crops, animals, quests, pet NFTs, the whole vibe – the token actually powers real stuff inside. Guild creation, minting, VIP perks for pulling BERRY out smoother. The unlock is scheduled for today, April 19, so the next few hours could test if holders are dumping or if players are still farming and holding. TradingView’s moving averages are hovering neutral too. Nothing dramatic, but the 7-day pump shows some life coming back into the ecosystem. Volume didn’t spike crazy on the news, which is actually a good sign. Means it’s not pure panic.
My read on this? I think we’re in one of those “wait and see” windows. Short-term the unlock adds supply pressure, no doubt. Price has cooled a ton from the listing highs and that keeps me honest about the risk. But longer term, if the game keeps pulling in daily players and the on-chain economy stays active, this sub-$6 million market cap feels like it still has legs. I’m not all-in bullish screaming from the rooftops. Just watching. Cautious but curious. The Ronin integration already proved it can handle real activity without killing the fun.
What do you guys think – is today’s unlock already priced in or are we about to see some real movement? Drop your take below. Are you holding through it or trimming?