Markets

What to know:
- SUI slid from $3.32 to $3.21, breaking the stubborn fence at $3.26 as selling gathered like a gathered crowd at a county fair. π€ π¨
- A $143.9 million token unlock, releasing 44 million tokens this week, adds to the weight on prices, like a wet shoe on a dry day. π§π
- Over $773 million in scheduled token unlocks across projects weigh on altcoin sentiment, as if the sun forgot to shine and the coins forgot to hover. ππͺ
SUI, the native coin of the Sui network, slipped 3.3% in the last day, sliding from 3.32 to 3.21 as traders pressed the exit lever with a shrug and a sigh. π¬
The token cracked through its 3.26 support late in the session, a sign of downward gravity and a reminder that numbers have teeth. The model from CoinDesk Research put the 3.20 threshold in the sights, like a weathered old compass pointing true north but not always guiding. π§
The move rode the same wind that rattled the broader crypto market, the CoinDesk 20 Index, which fell about 2% over the past 24 hours. ππ¨
Volume tells the tale-the trades spiked well above the daily average of 6.9 million on two occasions, hints of big holders slipping away like cats from a dog show. π±πΆ
The pressure grows as SUI Corporation unleashes a $143.9 million token unlock, releasing 44 million tokens between Sept. 29 and Oct. 6. One of the largest weekly distributions in recent memory, it promises more than $773 million in vesting events. Similar unlocks from Ethena ($126.8 million), Eigen ($68.6 million), and Optimism ($21.3 million) echo through the market, like distant thunder on a hot afternoon. β‘π°
For traders, the concern is twofold: technical weakness and fresh supply. Even if demand holds steady, the extra supply can press prices lower, forcing hard decisions about where the bread goes. ππ§
With altcoins under pressure all around, the next test for SUI is whether buyers will defend the $3.20 level or let the road slide further as the unlock cycle continues. Will someone stand on the ridge, or will the coins roll downhill like a tired wagon? πΆββοΈπͺ¨
Read More
- AWS crash causes $2,000 Smart Beds to overheat and get stuck upright
- Gold Rate Forecast
- When will Absolum have crossplay? It might take a while, but Itβs on the horizon
- Does Escape from Duckov have controller support? Hereβs the full breakdown
- Brent Oil Forecast
- Actors Who Voiced the Most Disney Characters
- James Gunn Compares Supergirl to this MCU Crowdpleaser With a 92% RT Score
- LINK PREDICTION. LINK cryptocurrency
- Only Murders in the Building Recap: Bodies, Bodies, Bodies
- This Is Fine meme turned into a game & you can play the demo right now
2025-09-30 22:07