- SUI’s $119M unlock leads next week’s $212M token release wave
- Price action hints at a breakout if $2.88 resistance flips to support
- Kamino’s 10% supply injection could spark short-term selling pressure
SUI’s having a pretty solid Friday, climbing about 4% even with a massive token unlock right around the corner. The Layer-1 blockchain is set to inject $119 million worth of SUI into circulation next week—easily the biggest chunk of upcoming unlocks. It’s a pretty bold move considering the broader market’s still kinda sluggish right now.
SUI isn’t alone, though. Optimism (OP), Kamino Finance (KMNO), and FET are also on deck to release fresh supply. OP’s adding around $16 million, Kamino’s pushing out $12 million, and FET’s got a smaller unlock at $2 million. In total, next week’s unlock wave clocks in around $212 million, according to data from Tokenomist.
Token Unlocks Could Shake the Market—But Maybe Not Much
Cliff unlocks like these—where a bunch of tokens hit the market all at once—can be tricky. Usually, more supply means downward price pressure. But in SUI’s case, the unlock only accounts for 1.16% of the circulating supply, so the market might absorb it without too much drama.
Right now, SUI’s holding up at around $2.88, brushing up against its 100-day Simple Moving Average. It’s also trading inside a descending channel, which—if it breaks out—could push the price up toward $3.55. That’s assuming the bulls show up and volume follows through.
If things go south, though, SUI might tumble back to the $2.29 level. It’s not just about charts either. Momentum indicators like RSI and the Stochastic Oscillator are crawling back from bearish territory, which could signal a slow mood shift among traders.
Kamino, OP, FET, and More Set to Unlock
Besides SUI, Kamino’s unlock is one to watch. They’re adding 10% of their token supply next week—that’s a lot, and it could weigh heavy on price action. Optimism and Ethena are also unlocking, dropping $16 million and $10 million worth of tokens respectively. Zetachain’s releasing $7 million, while smaller unlocks from AGIX, DYDX, and FET round things out at $2 million each.
That said, not every unlock spells doom. If demand’s healthy or traders see it as an opportunity to enter, the market might just shrug it off. But eyes will definitely be on how the charts behave once Monday hits.
