SUI, H, GRASS Among Key Tokens Unlocking This Week

• Major token unlocks may intensify short-term volatility amid declining prices.
• SUI leads with $48.87M unlock, reflecting broader market risk aversion.
• Mid-cap tokens show mixed momentum despite sizable upcoming supply events.

Crypto markets face a fresh supply test this week as several major projects prepare sizable token unlocks. Data from CryptoRank shows that seven tokens will release significant allocations into circulation. These events often increase short-term volatility, especially when prices already trend lower. 

Most of the listed assets posted weekly losses, signaling cautious sentiment ahead of the new supply. Consequently, traders now monitor liquidity conditions and support levels closely.

SUI Leads Unlock List as Price Slides

Sui (SUI) tops the list with a $48.87 million unlock. The token trades at $0.8868 after falling 3.78% in 24 hours. It has also dropped 7.53% over the past week. With 3.8 billion tokens in circulation, Sui holds a market cap above $3.41 billion. Besides heavy trading volume exceeding $535 million, recent price weakness reflects broader risk aversion.

Humanity (H) follows with a $21.70 million unlock. It trades at $0.151 after sliding 7.73% in a day. Over seven days, the token has declined nearly 24%. Its market capitalization stands near $276 million with 1.8 billion tokens circulating.

Grass (GRASS) will unlock $15.70 million worth of tokens. The token trades at $0.1705 after a 5.47% daily drop. It has lost more than 18% this week. Circulating supply sits at 470 million tokens, giving it an $80.6 million valuation.

Mid-Cap Tokens Show Mixed Momentum

Plasma (XPL) plans a $7.85 million unlock. XPL trades at $0.08808 after a 2.55% daily decline. Weekly losses exceed 12%, despite strong 24-hour volume above $72 million.

EigenCloud (EIGEN) stands out with a $6.71 million unlock and positive daily performance. EIGEN trades at $0.1885 after rising nearly 4% in 24 hours. However, it still shows an 8.52% weekly loss. Circulating supply totals 600 million tokens.

SoSoValue (SOSO) will unlock $5.46 million next week. SOSO trades at $0.3547 after dropping 7.04% in one day. It has declined 8.53% over the past week.

With multiple token unlocks scheduled, markets could see added short-term pressure. Demand strength will determine whether prices hold steady or slip further. Investors are likely to stay cautious as new supply enters circulation.

Related: Why Crypto Has Been Crashing: Breaking Down the Biggest Reasons Behind the Market Slump