SUI Token Faces 2.68% Dip as 44 Million Unlock Nears, Market Eyes July 2025 Impact

SUIUSDT is currently trading at $2.7744 on Binance, reflecting a 2.68% decline over the past 24 hours. The recent price decrease is primarily attributed to investor caution ahead of the scheduled July 1, 2025 token unlock, which will release 44 million SUI tokens (1.3% of circulating supply) into the market. Historically, similar unlocks have introduced short-term volatility and downward price pressure, as observed in the lead-up to this event. Despite a significant rally in June 2025, where SUI surged 150% to highs above $4.30, the price has since retreated and stabilized below $3.00, with current trading volumes ranging from $770 million to $876 million and a market capitalization of approximately $9.43 billion. SUI maintains a strong DeFi presence with over $2 billion in TVL, signaling ongoing investor interest, but near-term price action remains sensitive to supply changes and broader market sentiment.