SUI's $65M Unlock Sell-Off and the Presale Rotation

The core event is a liquidity shock. A token unlock on February 1 released roughly $65 million worth of SUI into the market, directly triggering a sell-off. The result has been a more than 35% decline over the past 30 days, a steep drop that has tested the network's resilience.

Price action now centers on a critical support zone. SUI is trading near $1.13, with the $1.05 level coming sharply into focus. The technical structure shows a descending triangle pattern, a compression setup that could signal a sharp directional move if supply or demand is exhausted. The immediate risk is a break below this zone, which would open the door to further downside.

Yet, the long-term thesis is cited as intact. New institutional on-ramps are seen as a potential offset to this short-term pressure. The setup is a classic stress test: fragile sentiment and a hostile macro environment collided with a large, poorly timed supply release, leaving the price vulnerable to a breakdown unless support holds.

ONDO's Price-Volume Divergence

Ondo (ONDO) is creating a striking paradox. The token price has fallen more than 80% from its all-time high (ATH), yet total value locked (TVL) has reached a new record. This divergence raises questions about the project's true potential. At the same time, industry leaders are projecting a positive outlook for the tokenization sector in 2026.

The recent token unlock on January 18 is a key contributing factor to the price pressure. The release of 1.94 billion tokens, accounting for 57.23% of the issued supply, added significant selling pressure and heightened investor concerns. Since that unlock, ONDO has dropped another 10%, underscoring the supply shock's impact.

This setup is playing out against a broader market backdrop of falling volumes. The crypto market has entered a quieter phase, where capital often looks for asymmetric opportunities outside the daily noise. This is exactly where presales fit in, gaining traction when the market lacks clear direction. DeepSnitch AI exemplifies this trend, with its presale driving a 160% surge and raising over $1.4 million before an exchange listing. The narrative momentum here is clear: as large-cap volatility cools, early-stage projects are attracting renewed interest.

For SUI, the immediate catalyst is price action at the $1.05 support level. A break below this zone, as noted, risks another double-digit correction. The descending triangle pattern suggests a potential sharp move, but the flow depends on whether buyers step in to defend this critical level. Watch for volume spikes on any bounce; sustained selling pressure would confirm the bearish structure.

Ondo presents a different watchpoint: a reversal in price action post-unlock. The token has dropped another 10% since its massive January 18 unlock, but its TVL reached a new record above $2.5 billion. A stabilization or uptick in ONDO price would signal a return of liquidity to the tokenization sector, validating the strong underlying fundamentals despite the sell-off. The divergence between price and TVL is the key metric to monitor.

For presales like DeepSnitch AI, the catalyst is momentum sustainability. The token has driven a 160% presale surge and raised over $1.4 million. The flow depends on the team delivering on promised AI tools and transitioning smoothly to exchange trading. Any delay or failure to meet technical milestones could break the current narrative momentum, which is already playing against a backdrop of falling crypto volumes.