- The cryptocurrency market braces for $320M in token unlocks.
- Projects Sui and Wormhole lead with $269M combined.
- Market liquidity and volatility may face short-term tests.
Sui Network and other cryptocurrency projects will unlock tokens worth over $320 million next week, starting April 1, 2025. This move could test investor sentiment and short-term liquidity in the market as $269 million will come from Sui Network and Wormhole alone.
Upcoming large-scale token unlocks will see Sui Network release 64.19 million SUI tokens and Wormhole unlock 1.39 billion W tokens. This event, starting April 1, 2025, represents 2.03% and 47.4% of their respective circulations. According to the Sui Network official statement, “As per our tokenomics schedule, approximately 64.19 million SUI tokens will be unlocked on April 1, 2025. This represents 2.03% of the current circulating supply.”
$320 Million Token Unlock: Impact on Sui and Wormhole
Many crypto enthusiasts await these events due to the potential impact on prices and market liquidity. Large token unlocks historically cause up to 20% price volatility. Market actors are preparing for possible fluctuations.
Arthur Hayes, BitMEX co-founder, highlighted on Twitter the potential challenges to market dynamics. Projects with solid fundamentals are expected to withstand sell pressure. Additionally, Real Vision CEO Raoul Pal emphasized the long-term value proposition that can arise from such cycles.
Historical Volatility Trends and Analyst Predictions
Did you know? Recent large token unlocks for leading layer-1 chains have resulted in occasional price swings reaching 20% within the first post-unlock week.
CoinMarketCap data notes that SUI has a current price of $2.36, a market cap of $7,495,923,879, and a fully diluted market cap of $23,647,603,484. Price changes over the past 90 days show a 41.96% decline.
Insights from Coincu Research indicate initial post-unlock price volatility, followed by market stabilization, a common pattern observed in previous unlocks. Analysis also suggests projects with ongoing committed development and clear economic plans could capitalize on this period to strengthen community trust and project growth.
No tags available.
Other Posts
Latest
Binance Launches Second “Vote for Listing” Initiative for Token Selection
Press Release
Stables, the Tezos-Based Fantasy Horse Racing Game Expands to the North American Market and Unveils Major Gameplay Enhancements
