- Over $3B in token unlocks will test market liquidity and supply absorption in July.
- $TRUMP leads July unlocks with $629.8M, sparking volatility near key resistance levels.
- Falling volume in SUI and WLD may weaken potential rallies despite upward price moves.
The crypto market is bracing for scheduled token unlocks set to hit in July. According to data from the analytics platform Tokenomist, an estimated $3.08 billion in previously locked assets will be up for grabs.
While this figure is slightly lower than June’s total, the stakes are heightened by a heavy concentration of these releases in a handful of large-cap tokens. Four tokens alone represent over 59% of July’s total unlock value, placing heightened attention on supply absorption across the market.
TRUMP and Top Caps Take the Spotlight
The most notable release centers on the “Official Trump” token, or $TRUMP, which leads with a hefty $629.8 million unlock. This single event makes up more than 20% of the month’s total.
As of press time priced at $8.62, $TRUMP has seen bearish pressure. After briefly climbing near $8.70, the token dropped and held near $8.60, where support has formed. Technical indicators show resistance at $8.70 and $8.66, while support is clustered around $8.55.
In comparison, Solana (SOL), SUI, and Worldcoin (WLD) collectively add $642 million to July’s unlocked value. SOL, trading near $149, has shown a sideways trend with clear volatility.
Support remains firm at $145, while resistance looms at $151. A hold above $145 could allow for a fresh test of that upper ceiling. However, a dip below this threshold could drive the price toward $142.
What Do the Other Altcoin Charts Show?
Besides the top performers, mid- and low-cap tokens contribute a combined $1.82 billion to the unlock calendar. However, the spotlight remains on liquidity and volume metrics.
For instance, SUI, now priced at $2.75, is flirting with resistance amid declining volume. The price action shows a steady upward trend but lacks confirmation. Unless volume increases, any breakout may struggle to sustain.
Similarly, Worldcoin’s price behavior reflects a strong reversal from $0.840 support to $0.900 resistance. Although the price is climbing, the falling volume warns of fragile momentum. If WLD holds above $0.860, further gains are possible, but breakdowns could swiftly reverse recent gains.
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