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SUI Slips as $144 Million Token Unlock Hits, Coinbase Futures Set for Oct. 20

A scheduled 44 million‑token release is outweighing the upcoming futures listing in the near term.

Overview

  • SUI fell about 3.3% in 24 hours to roughly $3.21 as the unlock window opened, breaking through a $3.26 support level before stabilizing near $3.20.
  • Roughly 44–44.25 million SUI worth about $143–144 million is entering circulation across early October, with allocations to investors, insiders and core contributors.
  • Coinbase Derivatives confirmed SUI futures will launch on October 20, offering regulated access and hedging tools, yet price reaction to the listing news was muted.
  • On‑chain activity showed transaction spikes above typical daily volumes, which analysts said suggested selling from larger holders during the distribution period.
  • Despite recent declines, SUI continues to hold above the key $3.00 support with resistance near $3.30–$3.40, as broader altcoin weakness and macro caution pressure sentiment.