Layer 1 Contender Sui (SUI) Leads the List of Token Unlocks Scheduled in the Next Seven Days

About 64M tokens (worth over $250M) or 2.1% of the circulating supply will hit the market on the 1st of February, just days after the Fed's first interest rate decision in 2025.

Layer 1 token unlocks have remained largely uneventful in H1 2025, with only a handful of tokens scheduled to be unlocked. However, things are set to heat up in H2 2025, with several tokens, including SUI, set to hit the market in large quantities.

According to Tokenomist.ai, over 64M SUI tokens (worth over $250M) are set to be unlocked on 1 February. This constitutes around 2.1% of the circulating supply.

The token unlock comes just days after the Fed’s first interest rate decision in 2025. Depending on the broader market sentiment post-Fed guidance on the 29th of January, SUI could either tank or rally after the token unlock.

Despite the massive price appreciation, SUI still lags behind SOL in terms of price performance. Since last August, SUI has outperformed SOL by over 550%. However, the run peaked in early January, and SUI has shed nearly 40% against SOL in the past two weeks.

As SUI approaches a potential inflection point, the token unlock event and post-Fed sentiment will likely determine whether it will regain ground against SOL.

Chart: SUI/SOL on TradingView While the token unlock event is无疑地 a significant event for SUI and its holders, the broader market sentiment and interest in the token appeared to be below par, at least as of this writing.

This was evident from the drop in social volume and the negative weighted sentiment. For context, a recent positive spike in social volume and sentiment saw SUI top an all-time high of $5.3.

Simply put, the current muted social volume and weak sentiment could cap SUI’s upside potential ahead of its unlock.

Chart: SUI Social Volume and Sentiment on Santiment In other news, Sui network co-founder Abiodun Adeniyi teased an SMS transaction feature that could allow even those with non-smartphones to send money and crypto over the blockchain.

This could be a disruptive move to drive mass adoption. Adeniyi said, “Coming soon: #Sui will enable transactions through SMS, bringing payments, DeFi, rewards, and more to everyone, everywhere.”

Chart: SUI/USDT on TradingView As mentioned earlier, SUI has been in a downtrend against SOL over the past two weeks. This has brought the token to a crucial support zone.

Should the short-term support hold, SUI could reverse recent losses, with the immediate target being $4.5. However, a crack below this support could extend the plunge to $3.0.