Sui ($SUI )

Unlock Date: May 1

Number of tokens to be unlocked: 88.34 million SUI (0.88% of the maximum supply)

Total Supply: 3.24 billion SUI

Sui is a popular layer one (L1) blockchain developed for creating scalable and fast decentralized applications (dApps). This week, on May 1, the project team will unlock 88.34 million SUI worth $319.99 million.

The majority of the unlocked SUI — 42.62 million — will go to the community reserves. The remaining coins are intended for rewards for stakers, early contributors, and the Mysten Labs fund.

Over the past month, the price of one of the largest altcoins has increased by 46%. At the time of writing this material, SUI is trading at $3.62.

The total amount of tokens unlocked this week will be $625 million. Some cryptocurrencies may experience selling pressure. It is important for traders to monitor unlocks to assess potential changes in market sentiment and liquidity.$EDU $FIS