SUI Token Drops 4.22% as 44 Million Unlock Triggers Volatility Despite Strong Fundamentals

SUIUSDT is trading at 2.7780, down 4.22% over the past 24 hours, with this decline largely attributed to the scheduled unlock of 44 million SUI tokens (1.3% of circulating supply) on July 1, 2025, which has historically introduced short-term price volatility and downward pressure. Despite strong fundamentals such as over $2 billion in total value locked and consistent daily active users, recent price action reflects a bearish to neutral sentiment as the market absorbs the additional supply and consolidates after June’s significant rally. SUI remains highly liquid with 24-hour trading volumes between $769M and $901M, a market cap near $9.5B, and continues to rank among the top 20 cryptocurrencies by capitalization.