Cryptocurrency markets are getting heated up as investors eagerly wait for huge token unlocks that are expected to rock the prices. Sui, Ethena, and EigenLayer are some of the main coins on the radar of the traders.
These days Bitcoin is trading at around $112,000, Ethereum at about $4,000, and BNB at over $1,005, hoping for an “Uptober” rally. However, the upcoming supply releases for SUI, ENA, and EIGEN are drawing trader attention, as the unlocks are expected to add fresh liquidity and boost activity.
Sui Token Unlocks Spark Market Attention
Among the three coins, SUI is one of the main attractions. It is currently trading at approximately $3.27, up by more than 6% in 24 hours but down by about 1.7% for the week. On October 1, around 44.25 million SUI tokens worth about $142.39M will be let into circulation, which is 0.44% of the total supply. Analysts warn that short-term volatility can see prices drop to $2.90, but DeFi expansions and bullish catalysts because of ETF buzz may limit losses.
Ethena Also Set for Key Release
Ethena (ENA) is also going to see substantial Token unlocks, with 94.19 million set for October 2 and a larger 171.88 million, worth $96.54M, scheduled for October 5. As per experts, important price levels to track are $0.55 as support and $0.65 as resistance.
EigenLayer Is Another Point of Interest
EigenLayer (EIGEN) may have a 36.82 million token release, which is 2.20% of the total supply. Though temporary support is at $1.70, but partnerships and growth within the ecosystem may propel EIGEN to $3.
Traders must be bracing for the upcoming turbulence, knowing that these token unlocks could trigger sharp moves.
