Key Takeaways
- Sui (SUI): 44 million SUI tokens ($116.59M) unlock on July 1, representing 1.30% of circulating supply.
- Optimism (OP): 31.34 million OP ($16M+) unlock on June 30, equating to 1.79% of supply.
- Ethena (ENA): 171.88 million ENA ($10M+) unlock on July 2, accounting for 0.67% of supply.
Next week, the crypto market anticipates $150 million in token unlocks across major altcoins. This analysis highlights three projects—Sui, Optimism, and Ethena—poised for significant supply releases, with potential short-term price impacts.
Sui (SUI)
Unlock Details:
- Date: July 1
- Amount: 44 million SUI ($116.59M)
- Supply Impact: 1.30% of circulating tokens
Price Outlook:
Historically, SUI unlocks trigger volatility, often pressuring prices downward before recovery. Currently trading at $2.65 (50% below ATH), SUI faces a bearish descending channel and a death cross on the EMA chart.
👉 Track SUI’s real-time price movements here
Short-Term Scenarios:
- Bearish: Drop to $2.10–$1.92 if sell-offs intensify.
- Bullish: Rally to $3.11 if demand absorbs unlocked supply.
Optimism (OP)
Unlock Details:
- Date: June 30
- Amount: 31.34 million OP ($16M+)
- Supply Impact: 1.79% of circulating tokens
Price Outlook:
OP hit an all-time low on June 18, signaling weak demand. A falling wedge pattern suggests potential breakdown below $0.40 unless bullish momentum emerges.
Key Levels:
- Support: $0.40 (critical hold level).
- Resistance: $1.00 (breakout target).
Ethena (ENA)
Unlock Details:
- Date: July 2
- Amount: 171.88 million ENA ($10M+)
- Supply Impact: 0.67% of circulating tokens
Price Outlook:
ENA’s 35% June decline may worsen post-unlock. A symmetrical triangle on the 4-hour chart hints at a possible drop to $0.22 unless bullish demand intervenes.
👉 Explore Ethena’s protocol updates
Short-Term Scenarios:
- Bearish: Fall to $0.22 if triangle support breaks.
- Bullish: Rebound to $0.31 with increased buying pressure.
FAQ Section
Q1: How do token unlocks affect crypto prices?
A1: Unlocks increase circulating supply, often leading to short-term price drops if demand doesn’t match the new supply.
Q2: Which altcoin has the largest unlock next week?
A2: Sui (SUI) tops the list with $116.59 million worth of tokens unlocking on July 1.
Q3: Can token unlocks trigger long-term price recoveries?
A3: Yes—projects like SUI historically rebound weeks after unlocks, assuming strong fundamentals.
Q4: Should investors sell before token unlocks?
A4: It depends on market conditions. Some traders preemptively sell to avoid volatility, while others buy the dip anticipating recovery.
Conclusion
With $150 million in token unlocks imminent, Sui, Optimism, and Ethena face pivotal moments. Investors should monitor technical indicators, demand trends, and project developments to navigate potential volatility.