The prices of Dogecoin and SUI are currently stable and eyeing new highs, despite the unlock trend.
Top market altcoins, including Solana (SOL), Dogecoin (DOGE), SUI, and others, are set for primary token unlocks within the next 7 days.
Analysts have expressed concerns that these unlocks would increase selling pressure, leading to declining crypto prices.
For now, the altcoin market is showing signs of recovery after days of experiencing price volatility.
WuBlockchain brought the market’s attention to the planned weekly token unlocks for altcoins. In total, major projects plan to release $484 million worth of tokens into the market between June 30 and July 7, 2025.
The Sui blockchain topped the list of major one-time unlocks. This means that 44 million SUI tokens, valued at $125.39 million, will be released simultaneously.
Next on the list is Ethena (ENA), followed by Optimism (OP), with weekly token unlocks worth $58.12 million and $18.64 million, respectively.
For large daily linear unlocks, Solana topped the list with 465,770 SOL. These tokens represent 0.09% of Solana’s circulating supply and are valued at about $70.79 million.
The next largest daily token unlock on the list is from Worldcoin (WLD), followed by the OFFICIAL TRUMP memecoin.
Worlcoin plans to unlock $34.43 million worth of WLD, while OFFICIAL TRUMP will release $31.52 million of the tokens.
The Dogecoin meme is fifth on the list for large daily linear unlocks. Dogecoin aims to release 95.49 million DOGE coins into the market.
Other altcoins, such as Avalanche (AVAX), Polkadot (DOT), Sei (SEI), and Jito (JTO), also featured on the list.
Simply put, token unlocks are a deliberate mechanism in the tokenomics of cryptocurrency projects.
It involves releasing previously locked or restricted tokens into circulation based on a predetermined schedule.
Typically, traders view unlocks as bearish near-term catalysts. In the short term, they expect selling pressure and volatility as $484 million in token unlocks flood the market.
Moreover, technical analysis reveals many tokens are overbought and at risk of breakdown.
However, linear token unlocks allow the market to absorb new supply over time. This reduces the risk of sharp price fluctuations and promotes long-term stability.
Therefore, price action could stabilize if support holds and unlocks are absorbed through staking and the intervention of long-term buyers.
For now, volumes and open interest from major altcoins are elevated. Still, unlock clusters could test liquidity, especially if market sentiment stays fragile.
According to market data, the SOL price was trading at $149.83, representing a 0.64% decrease over the last 24 hours.
However, investors remain actively interested as daily trading volume has recorded a 17.04% uptick to $2.8 billion.
This suggests that the current demand for SOL could match the potential supply from the planned unlock.
Likewise, the linear unlock is unlikely to pose any meaningful threat to DOGE traders and investors.
Over the last 24 hours, the price of DOGE has increased by 0.95% to trade at $0.1656. Similar to SOL, the trading volume rose over 104% to $726.9 million.
Only 0.06% of Dogecoin’s circulating supply is set for release. This may not significantly impact the price movement from its current trajectory.
On the other hand, the SUI price could face more heat in the next week as 1.29% of its circulating supply is unlocked. Over the previous day, SUI is down 0.78% to $2.79.
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