SUI, BIO, and OP Tokens Set for Unlock Next Week – Coincu

PANews reported that significant token unlocks are scheduled for late May to early June, impacting cryptocurrencies like SUI and BIO.

These unlocks highlight a pivotal moment for the tokens, potentially increasing market volatility and trading volume in the blockchain space.

Upcoming SUI and BIO Unlocks Could Shake Markets

Token unlocks for SUI and BIO are set to occur next week, with Sui’s 44 million tokens released on June 1, accounting for 1.32% of its circulation, valued at approximately $154 million. Bio Protocol will release 339 million tokens, a significant figure equivalent to 20.22% of its circulation.

The anticipated unlocks are expected to introduce substantial shifts in market supply for these tokens. Typically, such events translate to increased volatility and liquidity adjustments as investors respond to the expanded supply. As Evan Cheng, CEO of Sui, noted, “Major unlocks in projects like Sui or Optimism often lead to supply-side volatility, but actual market impact depends heavily on concurrent market sentiment and liquidity conditions.”

Market observers are closely monitoring the developments. As of now, no direct statements from key leadership figures have been recorded, though exchanges like Binance and MEXC have highlighted these events for traders to watch. Past token unlock cycles have shown this can spur short-term price movement.

SUI Price Trends and Analysts Warn of Volatility

Did you know? Large-scale token unlocks, like BIO’s 20.22% of circulating supply, historically lead to notable short-term price volatility, often aligning with increased trade volume as observed in previous cycles involving similar projects.

Sui’s price currently stands at $3.54 with a market cap of $11.82 billion, making up 0.35% of the crypto market, according to CoinMarketCap. Over the last 24 hours, trading volume hit $908.81 million, reflecting a decrease from recent performance. Prices have seen a 6.99% drop over the past week.

Coincu analysts predict potential impacts on market liquidity as these tokens enter circulation. Historical patterns indicate such substantial unlocks can lead to selling pressures, influencing short-term price fluctuations. The timing of these events comes amid broader market adjustments, adding layers to current trader strategies.