- Sui, Ethena and EigenLayer lead cliff token unlocks by value this week.
- Events come as cryptocurrencies eye an overall bounce in October.
- SUI, ENA, EIGEN prices hover at key levels ahead of the token unlocks and trader anticipation for an “Uptober”.
Sui, Ethena and EigenLayer are some of the top cryptocurrencies whose prices could face heightened pressure amid notable impending token unlocks.
With Bitcoin trading above $112,000, Ethereum above $4,100 and BNB above $1,007, attention is inevitably on what’s next for the top coins. Traders are eyeing an “Uptober” lift amid potential tailwinds for risk assets.
However, upcoming supply releases for SUI, ENA and EIGEN have traders taking note, with potential for increased activity given that unlocks introduce fresh liquidity.
“In an environment where risk appetite is fading, tokens with large unlock schedules may struggle to find sufficient demand,” Tokenomist wrote in their weekly digest. “Until broader momentum improves, these tokens may face continued underperformance relative to the market.”
With this in mind, here’s a brief outlook for Sui, Ethena and EigenLayer ahead of major token unlocks expected in the next seven days.
Sui (SUI) price hovers near $3.30
Sui, the native token of the high-throughput layer-1 blockchain, is currently trading at $3.31, up by nearly 6% in the past 24 hours. However, the SUI price is 1.7% down over the past week.
While overall bullish flip, ETF buzz and DeFi integrations point to significant tailwinds for the token. But in the short term, on October 1, 2025 will see the release of 44 million SUI tokens into circulation.
The cliff unlock, currently valued at around $143.8 million, represents about 1.2% of the circulating supply entering the market.
According to Tokenomist, this cliff unlock primarily targets vested allocations. They include Series B investors, community reserve and early contributors, and follow a vesting schedule that includes linear releases post-initial cliffs to mitigate dumps.
“Despite the size of this release, its impact may be muted,” analysts at Tokenomist added. “ A significant portion of $SUI’s total supply is still locked under a long vesting schedule, with some allocations not set to release until after 2030. This creates a slow-drip emission profile, giving the market time to absorb new supply without aggressive sell pressure.”
Short-term, downward volatility may see bears target support at $2.90. However, ecosystem catalysts like upcoming Bitcoin DeFi expansions and overall risk-on sentiment could cap losses, allowing bulls to take advantage.
Ethena and EigenLayer price outlook
Like SUI, Ethena’s ENA and EigenLayer’s EIGEN tokens will also see notable unlocks this coming week.
ENA’s next major unlock will release 212.5 million tokens worth approximately $126.7 million, or 3.2% of the circulating supply.
The key price levels to watch include $0.55 on the downside and $0.65 on the upside.
Meanwhile, EigenLayer (EIGEN) will see 36.82 million EIGEN tokens valued at $68.5 million and comprising 13.7% of the supply unlocked.
The cliff unlock is for investors and early backers, and a short-term bearish outlook has the key support level near 1.70.
EigenCloud expansions and Google Cloud ties as well as traction in the Ethereum ecosystem, mean a breakout above $2.1 could foster recovery and see bulls target $3.
