SUI and SOL Token Unlocks Incoming — Price Drop Ahead?
- SUI is set to unlock over $178M in tokens on July 1, representing 1.71% of its market cap.
- SOL will see over $76M worth of tokens unlocked across two key dates — July 1 and July 7.
- Technical indicators show fragile bullishness; price drops are likely if unlock supply overwhelms demand.
The crypto market is focused on two major token unlock events in the coming days that could trigger significant price volatility for Sui (SUI) and Solana (SOL). A combined total of over $250 million worth of the two Layer-1 tokens is scheduled to be released, putting both assets into substantial price volatility.
On July 1, Sui Network is scheduled to unlock 58.35 million SUI tokens, representing 0.58% of the total supply and worth around $178.53 million — 1.71% of its market cap, according to data from CryptoRank.
Meanwhile, FTX Estate will release 12.7K SOL, valued at $1.99 million, into the market on the same day. Just a few days later, on July 7, an additional 472.99K SOL (about $74.06 million) will be unlocked.
These unlocks could significantly affect market sentiment, liquidity, and price trajectories in the short term.
Related: Massive $230M in Insider Unlo…
The post SUI and SOL Token Unlocks Incoming — Price Drop Ahead? appeared first on Coin Edition.
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SUI and SOL Token Unlocks Incoming — Price Drop Ahead?
- SUI is set to unlock over $178M in tokens on July 1, representing 1.71% of its market cap.
- SOL will see over $76M worth of tokens unlocked across two key dates — July 1 and July 7.
- Technical indicators show fragile bullishness; price drops are likely if unlock supply overwhelms demand.
The crypto market is focused on two major token unlock events in the coming days that could trigger significant price volatility for Sui (SUI) and Solana (SOL). A combined total of over $250 million worth of the two Layer-1 tokens is scheduled to be released, putting both assets into substantial price volatility.
On July 1, Sui Network is scheduled to unlock 58.35 million SUI tokens, representing 0.58% of the total supply and worth around $178.53 million — 1.71% of its market cap, according to data from CryptoRank.
Meanwhile, FTX Estate will release 12.7K SOL, valued at $1.99 million, into the market on the same day. Just a few days later, on July 7, an additional 472.99K SOL (about $74.06 million) will be unlocked.
These unlocks could significantly affect market sentiment, liquidity, and price trajectories in the short term.
Related: Massive $230M in Insider Unlo…
The post SUI and SOL Token Unlocks Incoming — Price Drop Ahead? appeared first on Coin Edition.
Read More