Sui (SUI) Token Unlock in July Could Influence Market Amid $122 Million Supply Increase

Key Points

1. Sui (SUI) will unlock 44 million tokens (1.3% of circulating supply) on July 1, valued at $122.3 million, distributed among Series B investors, Community Reserve, Early Contributors, and Mysten Labs Treasury.

2. Ethena (ENA) will release 40.63 million tokens (0.67% of circulating supply) on July 2, valued at $10.9 million, aimed at supporting protocol development and stability.

3. ZetaChain (ZETA) will unlock 44.26 million tokens (5.04% of circulating supply) on July 1, valued at $7.9 million, distributed across Core Contributors, Protocol Treasury, Purchasers and Advisors, Ecosystem Growth Fund, User Growth Pool, and Liquidity Incentives.

4. Other projects like Neon (NEON), Renzo (REZ), and dydx (DYDX) will also introduce new tokens, cumulatively exceeding $484 million in value over the period.

5. Investors should monitor these unlocks as they may impact market dynamics and price movements.