three cryptocurrencies to watch in May 2025:

1. Immutable (IMX): Layer-2 gaming/NFT network, unlocking $10.4M in tokens Tuesday. Price at $0.60, showing bullish patterns.

2. Ethena (ENA): USDe stablecoin issuer, unlocking $23M in tokens May 5. Price under pressure, may drop to $0.2520 or $0.20.

3. IOTA (IOTA): Launches Rebased upgrade May 5, enabling decentralization, smart contracts, and staking, competing with Ethereum/Cardano.