SUI and SOL Lead the Release of $484M Worth of Tokens This Week

In anticipation of potential market pressure, traders are preparing for the release of over $484 million worth of previously locked tokens, according to data from the Tokenomist website. Leading the wave of token releases between June 30 and July 7 are SUI and SOL, with SUI offering 1.29% of its supply worth $125 million and SOL releasing nearly $10 million worth of tokens daily for the next week.

Despite expectations of short-term price drops, SUI has climbed 11.7% in the last week, and SOL remains relatively stable. Meanwhile, the TRUMP meme coin is showing persistent weakness, down 16.4% over the last month, following suspected insider wallets depositing $32 million worth of the coin right before President Trump confirmed a U.S. attack on Iran.