SUI Faces Bearish Pressure as 44 Million Token Unlock Looms

BTCC / BTCC Square / Global Cryptocurrency /

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2025-07-30 11:35:16

[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN] SUI News -

Sui (SUI) extended its decline for a third consecutive day, dropping nearly 2% as traders anticipate a 44 million token unlock scheduled for Friday. The unlock, worth $166.30 million, will boost circulating supply by 1.28%, sparking concerns about potential sell-offs.

Technical indicators show increasing bearish momentum, with the price nearing the key 50-day EMA at $3.49. Derivatives markets reflect weakening confidence, with $110 million exiting open interest ahead of the supply increase.

Historically, such unlocks create short-term volatility. The long-term effect hinges on whether holders stake tokens in DeFi or take profits. Analysts are watching whether Sui's strong fundamentals can absorb this temporary supply shock.

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