Despite anticipatory target pricing at $24, persisting $140 million monthly token unlocks could induce a market flooding and sell pressure.
Chillaxed Guide:
Quick Dictionary:
- SUI: A cryptocurrency found on the SUI blockchain platform.
- Token unlock: The process of making previously locked tokens accessible to the market.
- Price target: A potential price range for SUI cryptocurrency set by analysts.
Down to Business:
Ski-high SUI crypto finds itself on a seesaw as bullish tech patterns bump heads with heavy token unlock events. Here's the lowdown on the current situation and what you need to know:
Tally of Token Unlocks
Crypto Patel, the resident market guru, shined a light on a major token unlock event that's created a life-size kink in the SUI coin's supply chain. As of June 1, 2025, a grand 44 million SUI tokens, valued around $140M, ding-donged their way onto the dance floor. That's about 1.32% of the circulating supply, and every month, around $140M worth of tokens tiptoes into the room, thanks to these chunky unlocks.
Now, only 33.87% of SUI's total 10 billion tokens are ready-to-go, leaving a thumpin' 66.13% tied up with early investors and dev squads. These ticking time bombs generate a consistent pressure cooker effect on prices throughout the year, requiring a steady foot and steady hand.
Despite the Brew-ha-ha, Patel's still wearin' a smile and suggesting ya hitch a ride if SUI drops to around $2.80 during downturns.
Wavey Tech Talk
Elliott Wave analyst Freedom By 40 spotted a sweet wave formation on SUI's chart, hinting at a moose of momentum. The story unfolds from April 7th lows, like a page turner, but axis Corrective wave C of ii remains unfinished before the next dance floor-popping rise.
Tech advocates crunching the numbers have their eyes on thrilling price targets between $16 and $28 for the current gallop. Fibonacci extension calculations are tip-topping the charts at a possible target of $24, representing a hike from our current location. These projections prance in sync with the sunny fairy tale of the broader crypto market, but they walk a tightrope that depends on keeping those supports steady.
Key supports cling to Saturday's previous low, and any veer below the $3.38 mark could delay the hot prowl. In such a case, sit tight, patient investors, there might be some buyin' opportunities lurking around the corner.
SUI Dynamo
Since May 2023, SUI hit a pow-wow between $3.10 and $3.72, showing beastmode resilience in the face of volatility craziness. The last 24 hours bobbed SUI between $3.24 and $3.35, revealing rather slow-mo vibes in the ride. Weekly stats show a dip of 8.51%, mirroring a broader sweep of losses across the crypto universe.
Trading volume prospers, clocking over $724M daily, proof watchful investors are mindin' SUI despite valiant price swings. This finger-snappin' volume backs up tech shown on charts AND opens doors for adoptions of the SUI platform!
Bulls and Bears
The ongoing supply pressure check from token unlocks and the astounding price targets kicking up bullish vibes create an odyssey-like piece of the SUI story. Scrubs investin' in SUI gotta balance long-haul growth expectations against near-term unlock presser topics for strategic entrances to the dance.
- In the current SUI cryptocurrency market, heavy token unlock events collide with bullish technological patterns, creating a challenging situation for investors.
- As of June 1, 2025, around 44 million SUI tokens, worth approximately $140M, have been released in a major token unlock event, adding pressure to prices throughout the year.
