SUI News Today: Testing Market Resilience as $653M Crypto Tokens Unlock This Week

More than $653 million worth of crypto tokens will enter circulation this week, with major unlocks from projects including SUI, OP, GRASS, and others poised to test market resilience. Data from Tokenomist, shared by Wu Blockchain, highlights a mix of one-time "cliff" unlocks and ongoing linear daily releases across leading blockchain projects, potentially influencing price volatility and liquidity dynamics. The unlock schedule spans October 27 to November 3, with SUI and GRASS leading the pack in both dollar value and percentage of circulating supply, in a Coinfomania report.

SUI, the native token of the Sui blockchain, will see 43.96 million tokens—worth $119.13 million—unlocked in a cliff event, representing 1.21% of its circulating supply. GRASS follows closely with 181 million tokens valued at $80.73 million, or 72.4% of its total supply, making it the most impactful unlock of the week, according to a Coingabbar analysis. These large-scale releases could temporarily increase selling pressure, particularly for tokens with significant allocations to early investors or team members. For example, GRASS's unlock is predominantly directed to founders, team, and private investors, raising questions about immediate sell-off risks.

In addition to cliff unlocks, several projects will see daily token releases exceeding $1 million. Solana (SOL) tops this category with $100.84 million in daily unlocks, though its 0.09% supply dilution minimizes short-term impact. Worldcoin (WLD) and TRUMP tokens also feature prominently, with $35.43 million and $30.66 million in daily releases, respectively. These continuous inflows contribute to broader liquidity but could compound pressure if paired with weak demand.

Market participants are closely monitoring how projects manage unlocked tokens. While some, like SUI and EIGEN, allocate portions to ecosystem growth and staking rewards, others risk immediate sell-off if there's no clear deployment strategy. For instance, EIGEN's first unlock—$39.91 million worth of tokens—marks a critical moment for price discovery, with its 9.45% circulating supply release likely to shape early liquidity dynamics. Conversely, projects like SIGN and ZORA, which allocate tokens to community and reserve programs, may mitigate acute selling pressure through on-chain utility.

The growing transparency around token unlock schedules reflects a maturing crypto market. Investors now rely on platforms like Tokenomist to anticipate supply changes and adjust strategies accordingly. As this week's unlocks unfold, the market's ability to absorb new supply without significant price dips will be a key test for projects like SUI, OP, and GRASS. With over $653 million in tokens entering circulation, the coming days could reveal which assets maintain momentum and which face downward pressure.