Next week, starting April 1, 2025, major cryptocurrency projectsâincluding Sui Network and Wormholeâwill unlock tokens worth over 320millionââ,potentiallytestingmarketliquidityandinvestorsentiment.Notably,ââ320millionââ,potentiallytestingmarketliquidityandinvestorsentiment.Notably,ââ269 million of this amount stems from Sui and Wormhole alone.
Key Unlocks: Sui and Wormhole Lead the Way
Sui Network will release 64.19 million SUI tokens (2.03% of circulating supply).
Wormhole will unlock 1.39 billion W tokens (47.4% of circulating supply).
The Sui Network team confirmed the unlock aligns with its tokenomics schedule, stating:
"Approximately 64.19 million SUI tokens will be unlocked on April 1, 2025, representing 2.03% of the current circulating supply."
Market Impact: Volatility Expected
Large-scale token unlocks historically trigger price swings of up to 20%, prompting traders and analysts to brace for potential fluctuations.
Arthur Hayes, BitMEX co-founder, warned of possible market turbulence.
Raoul Pal, Real Vision CEO, highlighted long-term opportunities for fundamentally strong projects.
Historical Trends & Analyst Insights
Past unlocks for major layer-1 chains have seen 20% volatility in the first post-unlock week.
SUIâs current metrics:
Price:Â $2.36
Market cap:Â $7.5B
Fully diluted valuation:Â $23.6B
90-day performance:Â -41.96%
According to Coincu Research, initial volatility typically stabilizes, with well-structured projects leveraging unlocks to boost community trust and growth.
