- SUI faces steep resistance near $2.84 as $77M token unlock heightens volatility
- ENA and OP struggle to break key levels with $60M in combined unlock pressure
- KMNO and REZ show weakness, with REZ primed for volatility amid 12.16% unlock
The upcoming week, from June 30 to July 6, 2025, is set to bring significant volatility to the crypto market, as several major projects are scheduled to release previously locked tokens.
According to data from Tokenomist, over $150.6 million worth of these insider tokens are scheduled to unlock, a move that could trigger significant turbulence due to sudden shifts in supply.
Which Major Altcoins Are Unlocking?
This week’s headliners include SUI, ENA, and OP, with SUI alone unlocking $77.35 million, accounting for 0.86% of its circulating supply. As investors prepare for increased volatility, the charts for these tokens tell a compelling story of current sentiment, critical levels, and what may lie ahead.
SUI: Holding the Line Amid Bearish Pressure
SUI’s price movement reveals cautious trading behavior, with the token hovering at $2.65 after dropping from its daily high of $2.84. It attempted multiple intraday recoveries but faced strong selling pressure above $2.70.
A notable support level has formed around $2.56, just shy of a psychological threshold at $2.50. If this level cracks, a steeper fall could occur.
Conversely, the $2.84 level marks significant resistance. A breakout above this could revive bullish momentum. Currently, SUI is consolidating between $2.56 and $2.70, a range that is likely to resolve sharply in the coming days, especially given the large unlock.
ENA and OP: Consolidation With a Side of Uncertainty
Ethena (ENA) experienced a 2.44% drop, closing at $0.2525. The token’s intraday low of $0.245 has served as a short-term anchor. It’s bouncing back but struggling to break through $0.257, with tighter consolidation around $0.250.
The unlock size, $43.24 million (2.82% of supply), adds another layer of pressure. A move below $0.245 could see ENA retreat to $0.240.
Optimism (OP), trading at $0.5345, displayed a similar story. Despite a slight end-of-day recovery, OP failed to reclaim highs around $0.545.
Support remains firm at $0.520, with a short-term resistance band at $0.542–$0.545. A break above could fuel a rally toward $0.550. However, given its $16.69 million unlock (1.79% of supply), traders are likely watching cautiously.
Smaller Caps: KMNO and REZ Offer Speculative Moves
Kamino Finance (KMNO) and Renzo (REZ) round out the week’s unlock list with $4.74 million and $2.59 million respectively. KMNO showed an intraday low at $0.0555 and faced rejection near $0.059. The bearish trend continues, with resistance stacked at $0.058.
REZ, meanwhile, traded tightly near $0.00811 after recovering from a low of $0.00787. With high volume relative to market cap, REZ may experience sharper swings as its 12.16% unlock hits the market.
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