TL;DR
- Sui, Ethena and EigenLayer are preparing for large token unlocks this week totaling approximately $339 million, introducing fresh supply to the market.
- Traders are watching these developments closely as Bitcoin, Ethereum, and BNB trade at high levels, creating conditions for an “Uptober” rally.
- Market participants are balancing potential price pressure from new token releases with optimism around broader crypto gains in early October.
Sui, Ethena, and EigenLayer are among the leading cryptocurrencies experiencing cliff token unlocks by value this week. With Bitcoin above $112,000, Ethereum holding at $4,100, and BNB surpassing $1,007, investors are turning their attention to potential risk-on momentum. The combination of rising prices for top coins and fresh token releases is fueling anticipation for an “Uptober” rally, where early gains could extend across select altcoins and attract additional trading interest.
Traders Weigh Token Unlock Risks And Opportunities
SUI, the native token of the high-throughput Sui blockchain, is trading near $3.31, reflecting a 6% increase over the past 24 hours but down 1.7% over the week. The upcoming cliff release on October 1, 2025, will introduce 44 million tokens valued at $143.8 million, approximately 1.2% of circulating supply. Analysts note that most SUI allocations remain locked under long-term vesting schedules, reducing the likelihood of immediate market disruption. Short-term support may appear near $2.90, while ongoing ecosystem developments, upcoming DeFi integrations, and strategic partnerships could help stabilize prices.
Ethena and EigenLayer are set to follow similar unlock patterns. ENA will see 212.5 million tokens released, worth around $126.7 million or 3.2% of circulating supply, with key levels between $0.55 and $0.65. EigenLayer’s EIGEN unlock involves 36.82 million tokens valued at $68.5 million, representing 13.7% of its circulating supply. Early investor allocations dominate these releases, and analysts project support near $1.70. Positive catalysts such as EigenCloud expansions, Google Cloud partnerships, and Ethereum ecosystem traction may create upside momentum, potentially driving EIGEN above $2.10 and toward $3, attracting broader market participation in the process.
Market Sentiment Could Shape Uptober Outcomes
Fresh supply is not the only factor influencing prices. Overall risk appetite and macro crypto sentiment remain key. With Bitcoin, Ethereum, and BNB trading at elevated levels, traders are evaluating whether the market can absorb additional tokens without triggering sell-offs. Analysts suggest cautious optimism: tokens with structured vesting schedules and strong ecosystem fundamentals may benefit from renewed investor interest, supporting an extended Uptober rally across high-potential altcoins and encouraging new market entrants.
