Foreign media reports that altcoin performance in September may not move in sync with the broader market, with short-term price movements of certain tokens more likely to be driven by vesting events, ecosystem developments, and shifts in risk appetite. The article specifically mentions SUI, Aptos, Sei, Celestia, and Injective.
Multiple unlock schedules are concentrated in September.
The article argues that increased supply remains the most direct source of volatility this month. Aptos is expected to unlock approximately 14.36 million APT in September, valued at around $7.4 million according to the article’s metrics, representing about 1.8% of its market capitalization. Sei will also undergo a monthly unlock of approximately 111.5 million SEI, accounting for about 1.5% of its market capitalization.
Celestia faces continuous token release. The article states that TIA will be released at a rate of approximately 344,900 tokens per day in the early part of the month, and the market’s ability to absorb this additional supply will directly impact price performance.
- The APT unlock amount is approximately 14.36 million tokens.
- Approximately 111.5 million SEI are unlocked monthly.
- Approximately 344,900 TIA tokens are released on the first day of the month.
SUI and INJ, along with ecosystem catalysis
In addition to unlocking, SUI and INJ each face new variables at the ecosystem level. The article notes that Sui has recently been affected by the Switchboard oracle incident, which has weighed on sentiment toward related DeFi protocols and added further uncertainty for SUI.
Injective focuses on liquidity and ecosystem development. The article states that the network plans to migrate to native USDC to enhance liquidity and on-chain activity. Meanwhile, Injective is advancing its RWA infrastructure for institutional clients and continues to implement token burn and buyback programs. The article notes that its community buyback in September exceeded $168,000.
Price range becomes the key focus for short-term observation
The article lists multiple key price levels as reference points for observing changes in trading activity. SUI previously retraced from around $0.95 and is currently consolidating near $0.70. APT is trading above $0.50, but the trend remains weak.
SEI rose over 25% in August but failed to break above the $0.05 resistance level, retreating yet holding above $0.045. The article notes that its trading volume has surged to over 76 million SEI. If TIA can break above $0.048 with increased volume, its trend may strengthen; if it fails to break through, the price could continue testing the $0.041 to $0.040 range. INJ is currently trading around $4.80, having pulled back after surpassing $6.00, with $4.75 viewed as a short-term support level.
Overall, this review suggests that the altcoin market in September is more likely to experience divergence. Increased supply from token unlocks, combined with ecosystem events and shifts in market risk appetite, may lead to more pronounced two-way volatility in related tokens.