Currencies34188
Market Cap$ 4.12T+0.68%
24h Spot Volume$ 49.78B+4.17%
DominanceBTC57.27%-0.28%ETH11.19%+1.57%
ETH Gas0.23 Gwei
Cryptorank

SUI and SOL Token Unlocks Incoming — Price Drop Ahead?


by Parth Dubey
for CoinEdition
A market analysis of the upcoming SUI and Solana token unlocks and their potential impact on the price of each asset
  • 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 the article at CoinEdition

Read More

What’s Next for Hyperliquid’s HYPE Token? What Wall Street and Analysts Are Saying

What’s Next for Hyperliquid’s HYPE Token? What Wall Street and Analysts Are Saying

Wall Street’s crypto treasury spree is spreading to altcoins. With one firm recently ...
Hedera jumps 8% after Robinhood listing – Is $0.39 in sight for HBAR?

Hedera jumps 8% after Robinhood listing – Is $0.39 in sight for HBAR?

Despite the pullback from $0.3, the RSI reset and rising OBV signaled that HBAR’s ral...

SUI and SOL Token Unlocks Incoming — Price Drop Ahead?


by Parth Dubey
for CoinEdition
A market analysis of the upcoming SUI and Solana token unlocks and their potential impact on the price of each asset
  • 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 the article at CoinEdition

Read More

What’s Next for Hyperliquid’s HYPE Token? What Wall Street and Analysts Are Saying

What’s Next for Hyperliquid’s HYPE Token? What Wall Street and Analysts Are Saying

Wall Street’s crypto treasury spree is spreading to altcoins. With one firm recently ...
Hedera jumps 8% after Robinhood listing – Is $0.39 in sight for HBAR?

Hedera jumps 8% after Robinhood listing – Is $0.39 in sight for HBAR?

Despite the pullback from $0.3, the RSI reset and rising OBV signaled that HBAR’s ral...