Foreign media reports that in September, the trend of altcoins may not necessarily rise in tandem with the overall market; instead, the short-term performance of some tokens is more likely to be driven by unlocking, ecological progress, and changes in risk appetite. The tokens mentioned in the article include SUI, Aptos, Sei, Celestia, and Injective.
Multiple unlocking arrangements are concentrated in September.
The article suggests that an increase in supply remains the most direct source of volatility this month. Aptos is expected to see approximately 14.36 million APT unlocked in September, which is valued at around 7.4 million US dollars according to the text, accounting for about 1.8% of its market value. Sei will also undergo a monthly unlocking, with a scale of about 111.5 million SEI, accounting for about 1.5% of its market value.
What Celestia faces is continuous token release. The article states that at the beginning of the month, TIA will release approximately 344,900 tokens per day, and whether the market can absorb this additional supply will directly affect the price performance.
- APT Unlocked scale of approximately 14.36 million coins
- SEI Approximately 111.5 million coins unlocked monthly
- TIA Approximately 344,900 coins were released on the first day of the month.
SUI and INJ along with ecological catalysis
In addition to unlocking, SUI and INJ also face new variables at the ecological level. The article mentions that Sui has recently been affected by the Switchboard predictor event, putting pressure on the sentiment of related DeFi protocols, which also brings additional uncertainty to SUI.
The focus of Injective is on liquidity and ecosystem development. The article states that the network plans to migrate to native USDC in order to improve liquidity and on-chain activity. At the same time, Injective is also advancing infrastructure for institutional-oriented RWA and continues to carry out token burn and buyback arrangements. It is mentioned in the article that the community buyback amount in September exceeded $168,000.
Price range becomes a key focus for short-term observation
The article lists multiple key price levels at the same time as a reference for observing changes in trading activity. SUI has previously fallen from around $0.95 and is currently consolidating in the $0.7 range. APT, on the other hand, is trading above around $0.5, but its trend remains weak.
SEI rose by over 25% in August, but failed to break through the $0.05 resistance level. After pulling back, it still remained above $0.045. The article states that its trading volume has risen to over 76 million SEI. If TIA can break through $0.048 with increased volume, the trend may strengthen; if it fails to do so, the price may continue to test the $0.041 to $0.040 range. INJ is currently trading at around $4.8. It pulled back after breaking above $6, and $4.75 is considered a short-term support level.
Overall, this comment suggests that in September, the market for altcoins is more likely to show divergence. The new supply brought about by the unlocking of restricted tokens, combined with ecological events and changes in market risk appetite, may lead to more pronounced two-way fluctuations in related tokens.
