SUI’s $77 Million Token Unlock Looms—Will July 1 Spark a Sell-Off?

Mark your calendars—SUI's vault cracks open July 1 with $77 million worth of tokens hitting the market. Supply shock incoming?

Price pressure ahead? The Layer-1 blockchain faces its biggest liquidity test yet as vested tokens flood circulation. Traders are already positioning for volatility.

Timing is everything. The unlock comes just as SUI shows signs of recovery—typical market irony. Will early investors cash out or HODL through the turbulence?

Pro tip: Watch the order books. That 'free money' unlock might just fund someone's yacht before it boosts the ecosystem. Ah, crypto economics.

• $77M in SUI tokens unlock set for July 1 raises short-term sell pressure

• It is the largest insider unlock this week, surpassing ENA, OP, and KMNO unlocks

• Unlock targets, founders, and investors, and could shape its early July price action

SUI is close to a big unlock event. The tokens that will be released to insiders on July 1 are worth $77.35 million. It is the biggest insider unlock (June 30 through July 6) among the listed tokens posted by Tokenomist. It amounts to 0.86% of the cryptocurrency’s total supply.

SUI Release Targets Founders and Early Investors

The tokens are going to founders, team members, and early private investors. This unlock could raise short-term selling pressure. Unlocks like this usually create supply-side pressure, especially if holders choose to sell after receiving their tokens.

Source: X

The sui ecosystem has seen growth recently. But this new supply might challenge short-term price momentum. Other tokens are unlocking too, but none match SUI’s scale in dollar value this week.

ENA is second on the list, unlocking $43.24 million on July 2. It represents 2.82% of its circulating supply. OP is unlocking $16.69 million, while KMNO unlocks $4.74 million. Both are releasing under 4% of the supply.

SUI’s unlock is drawing the most attention due to its size and timing. The project has already unlocked over 34% of its total allocation. This new round will add to the circulating tokens.

SUI Token Unlock Set for July 1 as Market Braces for Volatility

The unlock is part of a scheduled release. Most tokens follow fixed schedules for insider and investor releases. These unlocks are not always bearish.

However, they create uncertainty and fluctuations when the market has no clear direction. Big unlocks are often watched by investors as they make their trading plans around the price movements of such tokens.

The unlock of SUI will happen at the beginning of next month. It may affect the token’s early price trend in July. There’s no indication of a delay. So, markets are pricing in the unlock based on the July 1 release date.

If the price holds or rises after the event, it could signal strength. If it drops, pressure from sell-offs could be the cause.

The announcement hasn’t had much of an impact on the cryptocurrency’s price. It currently trades at $2.66, noting a drop of 1.28% in the last day, according to CoinMarketCap data.