Core Insights - The SUI token of the Sui network experienced a 3.3% decline in value, dropping from $3.32 to $3.21, indicating a confirmed downward momentum as it broke through the $3.26 support level [1] - The broader crypto market, as measured by the CoinDesk 20 Index, also saw a decline of approximately 2% in the same timeframe [1] Trading Activity - Transaction volumes significantly exceeded the daily average of 6.9 million, indicating coordinated selling by large holders [2] Token Unlock Events - SUI Corporation is initiating a $143.9 million token unlock, releasing 44 million tokens between September 29 and October 6, contributing to market pressure [3] - This token unlock is part of a larger trend, with over $773 million worth of cryptocurrency vesting events occurring in the same week, including significant unlocks from other projects like Ethena ($126.8 million), Eigen ($68.6 million), and Optimism ($21.3 million) [3] Market Sentiment - Traders are facing concerns regarding both technical weaknesses and the influx of new supply, which could further depress prices even if demand remains stable [4] - The critical test for SUI will be whether buyers can maintain the $3.20 support level amidst ongoing unlock cycles [4]

Core Insights - A significant whale withdrew $122 million in HYPE tokens from Hyperliquid, raising concerns about potential sell-offs as the investor holds over $90 million in unrealized gains from a nine-month investment [1] - High-profile exits from notable traders, including Arthur Hayes and Ansem, are linked to fears surrounding upcoming token unlocks scheduled for November 29, which could lead to substantial selling pressure [2][7] - The price of HYPE dropped 12% to $49.20 amid selling pressure, despite Hyperliquid maintaining daily trading volumes over $10 billion, indicating a potential supply overhang due to upcoming unlock events [3] Market Dynamics - Arthur Hayes sold his entire HYPE position for $5.1 million, realizing a profit of $823,000, while warning that 237.8 million tokens worth $11.9 billion could create $500 million in monthly sell pressure over the next two years [2][6] - The projected monthly buybacks of $85 million are insufficient to counterbalance the $500 million in monthly token unlocks, leading to a $410 million monthly supply-demand imbalance [6] - Aster exchange introduced 300x leverage trading for HYPE tokens, suggesting that major players may be positioning for significant price movements amid the current volatility [4] Competitive Landscape - Hyperliquid faces competitive threats from established exchanges and new platforms like Lighter.xyz, indicating challenges beyond tokenomics [7] - The bearish sentiment among influential traders is further exacerbated by Ansem's sale of 10,126 HYPE tokens worth $492,000, contributing to the overall negative outlook [7]

🚨 UPDATE: Over $353M worth of tokens will be unlocked this week.The largest will be $89.8M unlocked by $FTN on Sept. 19. https://t.co/Vez5RtMVcv ...

Token Unlocks - September 将有超过 21 亿美元的代币被解锁 [1] - $SUI 领衔解锁，价值 1.8422 亿美元 [1] - $ENA 解锁价值 6003 万美元 [1] - $APT 解锁价值 4779 万美元 [1]

Token Dynamics - Locked tokens represent potential patient sellers in the market [1] - Daily unlocks exert constant selling pressure on the token price [1] - Assistance funds, acting as limited buyers, may not fully offset the selling pressure [1] - 325,811 units of hype will translate into tomorrow's supply, potentially impacting price [1] Future Outlook - November 2025 is identified as a potential inflection point, suggesting a significant change in market dynamics [1] Investment Strategy - The report emphasizes that mathematical analysis is crucial for gaining an edge in this market [1]

Token Unlocks - $ZRO 将在本周解锁价值 5191万美元的代币 [1] - 接下来 6 次代币解锁总额略高于 6100万美元 [1]

Token Unlocks - Over $275 million worth of tokens will be unlocked this week [1] - $CONX will unlock $58.83 million worth of tokens on August 15 [1]

According to Tokenomist, in the next 7 days, major single unlocks (over $5 million) will include FTN, APT, ARB, AVAX, SEI, STRK, LAYEY, CYBER, and ZK. Major linear unlocks over the next 7 days (daily unlock value over $1 million) will include SOL, WLD, TIA, DOGE, TAO, AVAX, SUI, DOT, IP, MORPHO, SEI, ETHFI, JTO, and ENS, with a total unlock value exceeding $653 million.https://t.co/84B6gdbh15 ...

📊 UPDATE: $ENA will unlock $101.87M in tokens this upcoming week.The next 6 token unlocks combined total is slightly over $45M. https://t.co/0koIGkJ2Gb ...

📊 LATEST: Over $290M worth of tokens will be unlocked this week.The largest will be $241M unlocked by $SUI on August 1. https://t.co/2N1j0BGte1 ...