Cryptocurrency Token Unlocks to Release $320 Million

Sui Network and other cryptocurrency projects will unlock tokens worth over $320 million next week, starting April 1, 2025. This move could test investor sentiment and short-term liquidity in the market as $269 million will come from Sui Network and Wormhole alone.

Upcoming large-scale token unlocks will see Sui Network release 64.19 million SUI tokens and Wormhole unlock 1.39 billion W tokens. This event, starting April 1, 2025, represents 2.03% and 47.4% of their respective circulations. According to the Sui Network official statement, "As per our tokenomics schedule, approximately 64.19 million SUI tokens will be unlocked on April 1, 2025. This represents 2.03% of the current circulating supply."

$320 Million Token Unlock: Impact on Sui and Wormhole

Many crypto enthusiasts await these events due to the potential impact on prices and market liquidity. Large token unlocks historically cause up to 20% price volatility. Market actors are preparing for possible fluctuations.

Arthur Hayes, BitMEX co-founder, highlighted on Twitter the potential challenges to market dynamics. Projects with solid fundamentals are expected to withstand sell pressure. Additionally, Real Vision CEO Raoul Pal emphasized the long-term value proposition that can arise from such cycles.

Historical Volatility Trends and Analyst Predictions

Did you know? Recent large token unlocks for leading layer-1 chains have resulted in occasional price swings reaching 20% within the first post-unlock week.

CoinMarketCap data notes that SUI has a current price of $2.36, a market cap of $7,495,923,879, and a fully diluted market cap of $23,647,603,484. Price changes over the past 90 days show a 41.96% decline.

Insights from Coincu Research indicate initial post-unlock price volatility, followed by market stabilization, a common pattern observed in previous unlocks. Analysis also suggests projects with ongoing committed development and clear economic plans could capitalize on this period to strengthen community trust and project growth.