$150M in Tokens Set to Hit the Market — 3 Altcoins You Need to Watch!

Jakarta, Pintu News – Next week marks the end of June and the beginning of July. As the calendar turns, crypto markets are bracing for a wave of crypto unlock tokens, with a combined value of around $150 million.

While some of these cliff unlocks involve relatively small allocations, others include a large share of the total circulating supply.

Here are the three altcoins leading next week’s unlock schedule, including details on how much supply will be released and the likely short-term impact on prices, citing CCN.

Sui (SUI)

SUI, the native coin of the layer-1 Sui blockchain, leads the list of next week’s unlock tokens. Based on data from Tokenomist, the project will unlock 44 million coins on Tuesday, July 1, 2025.

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This is equivalent to 1.30% of the total circulating supply. At the time of writing, it stood at $116.59 million.

On previous occasions, the unlocking of large amounts of SUI has triggered high volatility. In some cases, this increased supply has driven prices down.

However, unlike other altcoins, SUI usually doesn’t take long to recover. Most of the time, prices spike a few days or weeks after an event like this.

However, this time the SUI price may take longer to recover. As of June 27, the altcoin is trading at 2.65, which is a 50% drop from its all-time high.

On the daily chart (27/6), SUI looks to be in a descending channel which is bearish. On closer inspection, SUI has also formed a death cross pattern with the Exponential Moving Average (EMA) indicator.

The 20 EMA (blue line) has cut below the 50 EMA (yellow line). If this trend continues, SUI is at risk of further declines ahead of the token unlock.

For short-term targets, SUI could potentially drop to $2.10 or even to $1.92. On the other hand, if the demand for this cryptocurrency is able to match the supply that will be released, then a price correction can be prevented. In fact, its market value could rise to $3.11.

Optimism (OP)

Unlike Sui’s massive unlock, Ethereum layer-2 project Optimism has a more modest agenda. Based on available data, Optimism is scheduled to unlock 31.34 million OP tokens (equivalent to 1.79% of the circulating supply), worth more than $16 million.

Although the dollar value of unlocking Optimism is smaller than that of Sui, the price impact can be more severe. It is worth noting that OP recently recorded an all-time low on June 18, indicating the increasing vulnerability of the market.

With demand currently weak and supply set to increase, OP prices could return to that low – or even drop lower. Technically, OP has formed a falling wedge pattern on the daily chart.

However, the Moving Average Convergence Divergence indicator is showing negative values, which indicates bearish momentum. If this trend continues, the price of the Optimism crypto will likely struggle to break the resistance level.

In that scenario, the OP price could drop below $0.40. However, this could change if there is a bullish crossover in the technical indicators. If demand increases sharply, OP’s price could potentially break the upper trend line of the falling wedge pattern.

If that happens, the token has a chance to rise towards the $1 mark.

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Ethene (ENA)

Rounding out the list of unlock tokens next week is ENA, the native token of Ethena’s synthetic dollar protocol. Over the past month, the price of Ethena has plummeted by more than 35%.

While current token holders may be hoping for a trend reversal, those hopes may be dashed, as the project is scheduled to unlock 171.88 million ENA tokens on June 30.

This allocation, which represents 0.67% of the total outstanding supply, has a value of over $10 million and could potentially reinforce the ongoing downward trend.

On the 4-hour chart (27/6), the price of ENA is seen moving in a symmetrical triangle pattern. However, the Bull Bear Power (BBP) indicator shows a negative value.

This signals the dominance of selling pressure(bearish), so the altcoin is likely to face further downward pressure. The token could break the lower trend line of the triangle pattern, both before and after the unlock process.

If that scenario occurs, the price of ENA could potentially drop to $0.22. Conversely, if demand for ENA increases, this possibility could be nullified, and the price could actually break upwards towards the $0.31 range.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. $150M in Token Unlocks Set to Hit the Market – 3 Altcoins at Center Stage. Accessed on June 30, 2025