- Upcoming $123 million SUI token unlock raises concerns.
- No immediate leadership warnings over a crash.
- Historical trends show potential for price volatility.
SUI token’s upcoming $123 million unlock has crypto communities wary about potential price drops, raising concerns over a possible crash to $1.65 by July 1, 2025.
The event’s significance lies in market speculation about SUI prices potentially falling to $1.65 due to significant token releases, impacting investor confidence and trading behavior.
The Sui Foundation and Mysten Labs are releasing approximately $123 million in SUI tokens, a move creating market speculation. Historically, similar unlocks have led to increased volatility but not always a price collapse. Prices may retrace post-release.
While market volatility is anticipated, the community has been informed about the unlock schedule well in advance. No direct statements from Evan Cheng, CEO of Mysten Labs, indicate panic, maintaining focus on transparency. As Cheng noted,
“There have been no direct recent statements or warnings… regarding imminent price action or the impact of the $123M token unlock.”
Some predict the SUI price might slide to $1.65, though no major sell-offs have been observed. Sui’s TVL remains near $2 billion, showing stable institutional interest amid the unlock event.
However, traders are cautious.
Despite no sudden SUI stakeholder withdrawals, community discussions acknowledge risks. Historical data suggests possible price support around $1.65. Regulatory bodies have not intervened with new rules related to this token unlock.
Market expectations remain mixed. Some believe the unlock may test crucial support levels, though there is optimism for a rebound fueled by continued technological advancements and ecosystem growth.
