SUI Faces Market Turbulence as 44 Million Token Unlock Triggers Volatility

BTCC / BTCC Square / Global Cryptocurrency /

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2025-07-02 09:52:37

[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN] SUI News -

SUI is currently trading at $2.81 with slight daily gains, while a significant 44 million token unlock valued at $77.35 million introduces market uncertainty. Trading volume has surged 49% to $906 million, indicating strong interest despite potential sell-off risks.

Technical analysts are watching for a breakout above the $2.90 resistance level, with potential targets at $3.40 and $4.20. However, Open Interest in sui futures has dropped by half since May, suggesting reduced speculative activity.

The Layer-1 blockchain is under scrutiny as unlocked tokens are distributed to Series B investors, early contributors, and the Mysten Labs Treasury. Price forecasts for 2025 vary widely, ranging from $2.42 to $6.18, reflecting mixed market sentiment.

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