This week, significant token unlocks for Sui, Ethena, and EigenLayer are set to take place, drawing attention as the cryptocurrency market braces for a potential rebound. With Bitcoin trading above $112,000, Ethereum exceeding $4,100, and BNB over $1,007, traders are eyeing the upcoming price movements as they anticipate a bullish October, dubbed “Uptober.”
Upcoming Token Unlocks and Market Impact
Sui, Ethena, and EigenLayer are at the forefront of the cryptocurrency landscape as they prepare for unlocking a substantial number of tokens. Investors are keenly aware that these unlock events could lead to increased market activity as they introduce new liquidity.
Veteran analysts note that in a climate of waning risk appetite, tokens with significant unlocking schedules might struggle to find adequate demand. Tokenomist highlighted this in its recent weekly summary, cautioning that until market dynamics improve, these tokens could continue to underperform.
Price Analysis: Sui (SUI) and Others
The price of Sui (SUI) has recently been fluctuating around $3.31, reflecting a nearly 6% increase in the past 24 hours, although it has seen a decline of 1.7% over the past week. With the upcoming unlock on October 1, 2025, more than 44 million SUI tokens are set to be released, valued at approximately $143.8 million. This represents about 1.2% of the circulating supply entering the market.
Tokenomist indicates that this unlock primarily affects acquired allocations, including Series B investors, community reserves, and early contributors. Investors should note that a significant portion of the total SUI supply remains locked under a long-term acquisition schedule, limiting immediate selling pressure due to gradual token releases.
Short-term volatility might lead to attempts to target support around $2.90, but ecosystem catalysts such as Bitcoin’s DeFi expansions and general risk appetite could provide some floor, enabling bullish traders to capitalize on potential rebounds.
Ethena (ENA) and EigenLayer (EIGEN) Outlook
Similar to SUI, the tokens ENA from Ethena and EIGEN from EigenLayer are also poised for significant unlocks in the upcoming week. Ethena’s ENA will experience a major release of 212.5 million tokens, valued at approximately $126.7 million, which constitutes 3.2% of its circulating supply. Key price levels include resistance at $0.65 and support at $0.55.
EigenLayer is set to unlock 36.82 million EIGEN tokens valued at around $68.5 million, representing 13.7% of its supply. The upcoming release targets early investors and backers, with critical support near $1.70. Enhancements, such as the EigenCloud expansion and partnerships with Google Cloud, suggest that a breakthrough above $2.10 could support recovery, possibly pushing the price toward the $3 mark.
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