BREAKING: SUI Token Unlock Sparks Fears of Price Crash – Can SUI DEX Volume of $5 Billion Hold the Line?

Sui is heading for a very important event soon. The Sui Token Unlock event is taking place on the first of April and will introduce and unlock into circulation a whopping 64.19 million tokens from the entire supply. As it’s obvious, this will affect SUI’s price in the sense of increased supply and selling pressure. Apart from concerns noted in the market, Sui’s decentralized finance ecosystem has remained resilient, with an impressive monthly SUI DEX volume of $5 B. The stablecoin market capital has similarly enjoyed significant growth, having almost doubled since December. All this will be under the keen eyes of investors as far as this supply event is concerned, as they will try to analyze how this will impact SUI’s market dynamics.

Sui Prepares for Token Unlock Amidst Ecosystem Growth

An interesting date for Sui will be April 1, 2025, when the historical unlocking of 64.19 million Sui Tokens into circulation happens. This is around 2.03% of the current circulating supply and is worth about $148.29 million. However, Sui has shown great resilience in its decentralized finance ecosystem. The monthly reach is SUI DEX volume of $5B, and the market capitalization of stablecoins has doubled since December, climbing from $370 million to $628 million. However, the total value locked (TVL) in Sui has dropped from $2.08 billion in January to $1.2 billion, which paints a disappointing picture of market challenges.

Canary Capital ETF filing provides optimism, while with the blockchain crossing 100 million accounts, investor sentiments could be elevated enough to offset that selling pressure. Investors are going to be watching to see how this crypto market event will affect Sui’s ecosystem’s ability to absorb increased supply and if its DeFi growth will sustain momentum. 

SUI Price Prediction of Last 24 Hours

The trading session on March 30th began with initial bullish attempts but subsequently encountered several MACD death crosses, inducing bearish sentiments and showing a struggle for upward momentum. RSI then indicated overbought status earlier in the day, leading to pullbacks afterward. Around 03:45 and 09:45 UTC, multiple crosses were created on the MACD. It was supposed to mean a trend reversal. However, as of 02:32 UTC, the price of SUI was testing a newly recent support level.

Chart 1, analysed by anushrivarshney2613, published on TradingView, March 31, 2025

The anticipated event of Sui Token unlock is likely to stir volatility in the price action for SUI. While the DEX volume on SUI shows good activity in the DeFi ecosystem at $5B, increased sell pressure on token unlock could test the current support levels. If the bearish force continues, we may see the downward break below $2.20; however, with SUI Price prediction around $2.55 to $8.813, it is possible for SUI to re-test resistance in the near term if bullish indications come from the market at large. Traders, therefore, need to closely monitor these technical indicators with respect to the token unlock.

Navigating the Future: Sui’s Prospects Beyond the Token Unlock

As Sui prepares for the upcoming Sui Token Unlock, the cryptocurrency’s future remains intertwined with potential volatility and growth opportunities. Sui’s decentralized finance ecosystem has shown resilience, with a notable monthly SUI DEX volume of $5B and a stablecoin market capitalization that has nearly doubled since December. Positive developments such as strategic partnerships and increasing adoption could drive recovery and growth, potentially influencing SUI Price prediction positively in the long term. Despite short-term uncertainty, Sui’s ability to maintain momentum will be crucial in determining its success and whether it can meet optimistic price forecasts for the years ahead.

The post BREAKING: SUI Token Unlock Sparks Fears of Price Crash – Can SUI DEX Volume of $5 Billion Hold the Line? appeared first on Coinfomania.