- Sui, Ethena and EigenLayer lead this week’s cliff token unlocks by value.
- These events come as cryptocurrencies show a broad October rebound.
- SUI, ENA and EIGEN prices hover around key levels ahead of token unlocks and traders’ anticipation of an “Uptober.”
Sui, Ethena and EigenLayer are among the major cryptocurrencies whose prices could face added pressure as notable token unlocks approach.
With Bitcoin trading above $112,000, Ethereum above $4,100 and BNB above $1,007, market attention is focused on what comes next for leading coins. Traders are watching for an “Uptober” rally amid potential tailwinds for risk assets.
At the same time, upcoming supply releases for SUI, ENA and EIGEN have traders taking notice, since these unlocks inject new liquidity and can increase market activity.
“In an environment where risk appetite is fading, tokens with large unlock schedules may struggle to find sufficient demand,” Tokenomist wrote in its weekly unlock digest. “Until broader momentum improves, these tokens may continue to underperform the market.”
Below is a concise outlook for Sui, Ethena and EigenLayer ahead of the major token unlocks expected over the next seven days.
Sui (SUI) price sits near $3.30
Sui, the native token of the high-performance layer-1 blockchain, is currently trading at $3.31, up roughly 6% in the last 24 hours. Over the past week, however, SUI has slipped about 1.7%.
Broad bullish momentum, ETF rumors and growing DeFi integrations point to meaningful tailwinds for the token. In the near term, though, a cliff unlock on October 1, 2025 will release 44 million SUI into circulation.
The cliff release—worth roughly $143.8 million at current prices—represents about 1.2% of the circulating supply entering the market.
According to Tokenomist, this cliff unlock is primarily directed at vested allocations, including Series B investors, community reserves and early contributors. These releases follow a vesting schedule with later linear unlocks designed to mitigate dumping risk.
“Despite the size of this release, its impact may be muted,” Tokenomist analysts added. “A significant portion of the total $SUI supply remains locked under a long vesting schedule, and some allocations won’t be released until after 2030. That creates a slow drip-emission profile, giving the market time to absorb new supply without aggressive selling pressure.”
Near-term downside volatility could see bears test support around $2.90. However, ecosystem catalysts—such as upcoming Bitcoin DeFi expansions and overall risk-on sentiment—could limit losses and give bulls room to reassert control.
Price outlook for Ethena (ENA) and EigenLayer (EIGEN)
Like SUI, Ethena’s ENA and EigenLayer’s EIGEN are also scheduled for notable unlocks next week.
Ethena’s upcoming unlock will release 212.5 million ENA, worth about $126.7 million, or roughly 3.2% of the circulating supply.
Key price levels to watch for ENA include $0.55 on the downside and $0.65 on the upside.
Meanwhile, EigenLayer will see 36.82 million EIGEN tokens unlocked, valued at approximately $68.5 million and representing 13.7% of the circulating supply.
That cliff unlock is destined for investors and early backers, and a near-term bearish outlook places key support near $1.70.
On the positive side, EigenCloud expansions, partnerships and integrations that tie into Google Cloud, together with growing traction across the Ethereum ecosystem, mean a breakout above $2.10 could fuel a recovery and push bulls to target $3.00.
In summary, while macro market momentum and ecosystem developments could support these tokens, the immediate effect of large cliff unlocks is increased supply and potential short-term pressure. Traders should watch key support and resistance levels, monitor broader risk sentiment, and consider vesting schedules when assessing likely price impacts.