The cryptocurrency market is closely monitoring upcoming token unlock events for two major Layer-1 assets—Sui (SUI) and Solana (SOL). These events could significantly impact both tokens' prices, with an estimated $250+ million worth of tokens entering circulation.
Key Unlock Details
Sui Network (SUI)
- Date: July 1
- Amount: 58.35 million SUI (0.58% of total supply)
- Value: ~$178.53 million (1.71% of market cap)
- Source: CryptoRank data
Solana (SOL)
FTX Estate Release
- Date: July 1
- Amount: 12,700 SOL
- Value: ~$1.99 million
Additional Unlock
- Date: July 7
- Amount: 472,990 SOL
- Value: ~$74.06 million
👉 How token unlocks historically affect prices
Technical Analysis: SUI and SOL Price Outlook
SUI: Caution Advised
- Current Price: $3.06 (testing 0.382 Fibonacci level at $3.02)
Critical Support Zones:
- $2.85 (0.5 Fib)
- $2.69 (0.618 Fib)
Indicator Watch:
- Balance of Power (BoP) at 0.30 shows buyer dominance—but may reverse post-unlock.
- Failure to break $3.22 resistance suggests weakening bullish momentum.
Solana (SOL): Bullish Potential
- Chart Pattern: Tight bullish pennant formation observed.
- Breakout Target: $185 (key resistance), with potential rally to $250 if sustained.
- Unlock Impact: Despite $76M+ unlocks, analysts remain cautiously optimistic.
Market Implications
- Short-Term Volatility: Unlocks may trigger price swings due to increased liquidity and selling pressure.
- Investor Strategy: Monitor support/resistance levels and trading volume for entry/exit signals.
FAQs
Q: How do token unlocks affect crypto prices?
A: Unlocks increase circulating supply, often leading to short-term price drops if demand doesn’t absorb the new tokens.
Q: Should I sell SUI/SOL before the unlock?
A: Historical data suggests pricing in unlocks beforehand—but market sentiment and broader trends also play roles.
Q: What’s the long-term outlook for SUI and SOL?
A: Both projects have strong fundamentals; price recovery post-unlock depends on ecosystem growth and adoption.
For real-time updates on token unlocks, visit 👉 this tracker.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.