The crypto market is focused on two major token unlock events in the coming days that could trigger significant price volatility for Sui (SUI) and Solana (SOL). A combined total of over $250 million worth of the two Layer-1 tokens is scheduled to be released, putting both assets into substantial price volatility.
The crypto market is focused on two major token unlock events in the coming days that could trigger significant price volatility for Sui (SUI) and Solana (SOL). A combined total of over $250 million worth of the two Layer-1 tokens is scheduled to be released, putting both assets into substantial price volatility.
On July 1, Sui Network is scheduled to unlock 58.35 million SUI tokens, representing 0.58% of the total supply and worth around $178.53 million — 1.71% of its market cap, according to data from .
Meanwhile, FTX Estate will 12.7K SOL, valued at $1.99 million, into the market on the same day. Just a , on July 7, an additional 472.99K SOL (about $74.06 million) will be unlocked.
These unlocks could significantly affect market sentiment, liquidity, and price trajectories in the short term.
A closer look at the daily chart of SUI reveals that the asset is currently trading around $3.06, testing the 0.382 Fibonacci retracement level at $3.0224. This level represents a potential support zone; however, if this area fails to hold, downside momentum could increase toward the 0.5 level at $2.8556, followed by the golden ratio (0.618) at $2.6887.
Additionally, the Balance of Power (BoP) indicator has recently spiked to 0.30, suggesting a short-term dominance of buyers — but this reading remains volatile and can quickly reverse as unlock-driven selling pressure hits the market.
The SUI chart also shows a weakening structure after failing to break above $3.22 (Fib 0.236), hinting that bulls are struggling to maintain momentum. If the price dips below $3 and fails to reclaim it quickly, expect a drop toward the lower Fib levels.
Despite the upcoming unlock of over $76 million in SOL across two tranches, some analysts remain optimistic. World of Charts, a popular technical analyst, points out that SOL is consolidating within a tight bullish pennant, and a breakout could push the price toward $185, a key horizontal resistance.
A decisive daily close above that level may open the gates to $250, a significant psychological and technical barrier.
