SUI/USDT Bullish Outlook Holds as $143M in Tokens Unlock This Week

SUI/USDT remains bullish even after a $143 million token unlock added 1.32% of circulating supply into active market circulation.

Only 33.87% of SUI’s total supply is currently unlocked, while monthly token unlocks of around $140 million continue to enter the market.

Long-term bullish sentiment remains as buyers target $2.80 levels, despite possible short-term sell pressure from upcoming token unlocks.

SUI/USDT continues to show bullish potential, but a large token unlock has introduced near-term market uncertainty. On-chain data shows 44 million SUI tokens—worth approximately $143 million—were unlocked recently. This accounts for 1.32% of the current circulating supply.

Crypto analyst CryptoPatel posted on X that, “Only 33.87% of total supply is unlocked,” suggesting a considerable portion of tokens remains with early investors and the development team. With 66.13% of the total supply still locked, the market may experience recurring monthly unlocks estimated at $140 million.

While the price outlook remains strong long-term, the steady unlocking of large volumes could introduce temporary selling pressure.

Bullish Sentiment Persists Despite Unlock Activity

The SUI/USDT pair remains a topic of strong interest among market participants. Despite the unlock event, long-term projections continue to show upward potential. According to the same tweet, “SUI... could potentially reach $10... even $15–$20 long-term.”

Source: Crypto Patel

Such sentiment suggests continued faith in the Sui Network’s fundamentals. The bullish tone is backed by ongoing market activity and user interest during the current cycle. However, the recurring monthly release of tokens may influence short-term fluctuations.

Price levels around $2.80 have drawn buying interest. The post further stated, “If #SUI drops to around $2.80, I’ll be buying more,” pointing to a zone where accumulation could resume.

Market Prepares for Continued Monthly Unlocks

With nearly two-thirds of the total token supply still locked, the unlocking process is far from over. If the monthly pace continues, a large volume of SUI could enter circulation over the coming months.

Such inflows may challenge short-term stability, particularly if early holders decide to realize gains. Nonetheless, the current bullish positioning and price action indicate a market willing to absorb some sell pressure.

The token unlocks may affect near-term volatility, but broader sentiment remains focused on the project’s long-range trajectory and adoption.

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