SUI Token Faces 2.61% Drop as 44 Million Unlock Looms, Ecosystem Growth Remains Strong

SUIUSDT has declined by 2.61% over the past 24 hours, with the price currently at 2.6899, down from a 24h open of 2.7619. This price decrease is primarily attributed to market anticipation surrounding the July 1, 2025 token unlock, where 44 million SUI tokens (1.3% of circulating supply) are being released, and broader volatility linked to recurring monthly unlocks through 2030. Additional contributing factors include mixed technical signals, with SUI trading below its 50-day moving average and fluctuating between bullish and bearish analyst outlooks, as well as a recent dip in trading volume by 7.10% compared to the previous day.

SUI currently ranks among the top 20 cryptocurrencies with a market capitalization between $9.24 billion and $9.58 billion, a circulating supply of 3.4 billion tokens, and a 24-hour trading volume ranging from $724.57 million to over $904 million, with SUI/USDT on Binance being the most active pair. Despite short-term price pressure, Sui’s network fundamentals remain strong, highlighted by surpassing Solana in monthly stablecoin transaction volume and ongoing ecosystem developments such as the launch of Momentum Finance and a new $51.3 million DeFi fund.