SUI Price Faces $161M Token Unlock Pressure as Support Tests $3.21
The post SUI Price Faces $161M Token Unlock Pressure as Support Tests $3.21 appeared on BitcoinEthereumNews.com. Darius Baruo Aug 30, 2025 12:59 SUI trades at $3.29 (-2.29%) as $161M token unlock creates selling pressure, despite ecosystem reaching $100B stablecoin volume milestone. Quick Take • SUI currently trading at $3.29 (-2.29% in 24h) • SUI RSI at 41.72 suggests oversold conditions may be emerging • $161M token unlock between Aug 25-31 creating immediate selling pressure • Sui stablecoin volume surpassed $100B in August, indicating strong ecosystem growth What’s Driving Sui Price Today? The SUI price faces immediate headwinds from a significant token unlock event releasing $161 million worth of SUI tokens between August 25 and August 31. This represents 1.2% of the total supply hitting the market, creating substantial selling pressure that traders are already pricing in through the recent 2.29% decline. However, this bearish catalyst contrasts sharply with impressive ecosystem developments. Sui’s blockchain achieved over $100 billion in stablecoin transfers during August, surpassing established competitors like Arbitrum and Polygon. This milestone demonstrates the network’s growing dominance in DeFi scalability and user adoption. The disconnect between fundamental strength and SUI price performance continues a pattern observed in Q2 2025, when Sui’s DeFi activity surged with daily DEX trading volumes reaching $367.9 million and total value locked climbing 44.3% to $1.76 billion, yet the token price failed to reflect this growth. Adding to the positive development narrative, Santiment data shows Sui ranking fourth in cryptocurrency development activity over the past 30 days, indicating sustained developer engagement and potential for future innovation. SUI Technical Analysis: Bearish Signals Dominate Short-Term Outlook Sui technical analysis reveals concerning momentum patterns based on Binance spot market data. The SUI price currently trades below all major short-term moving averages, with the SMA 7 at $3.43, SMA 20 at $3.60, and SMA 50 at $3.71 all acting…
The post SUI Price Faces $161M Token Unlock Pressure as Support Tests $3.21 appeared on BitcoinEthereumNews.com.
Darius Baruo Aug 30, 2025 12:59 SUI trades at $3.29 (-2.29%) as $161M token unlock creates selling pressure, despite ecosystem reaching $100B stablecoin volume milestone. Quick Take • SUI currently trading at $3.29 (-2.29% in 24h) • SUI RSI at 41.72 suggests oversold conditions may be emerging • $161M token unlock between Aug 25-31 creating immediate selling pressure • Sui stablecoin volume surpassed $100B in August, indicating strong ecosystem growth What’s Driving Sui Price Today? The SUI price faces immediate headwinds from a significant token unlock event releasing $161 million worth of SUI tokens between August 25 and August 31. This represents 1.2% of the total supply hitting the market, creating substantial selling pressure that traders are already pricing in through the recent 2.29% decline. However, this bearish catalyst contrasts sharply with impressive ecosystem developments. Sui’s blockchain achieved over $100 billion in stablecoin transfers during August, surpassing established competitors like Arbitrum and Polygon. This milestone demonstrates the network’s growing dominance in DeFi scalability and user adoption. The disconnect between fundamental strength and SUI price performance continues a pattern observed in Q2 2025, when Sui’s DeFi activity surged with daily DEX trading volumes reaching $367.9 million and total value locked climbing 44.3% to $1.76 billion, yet the token price failed to reflect this growth. Adding to the positive development narrative, Santiment data shows Sui ranking fourth in cryptocurrency development activity over the past 30 days, indicating sustained developer engagement and potential for future innovation. SUI Technical Analysis: Bearish Signals Dominate Short-Term Outlook Sui technical analysis reveals concerning momentum patterns based on Binance spot market data. The SUI price currently trades below all major short-term moving averages, with the SMA 7 at $3.43, SMA 20 at $3.60, and SMA 50 at $3.71 all acting…
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