SUI on the verge of correction? 🔻
On May 1, SUI will unlock its coins worth $317.35 million.
This event could easily trigger a good correction of the asset, as many early investors will finally gain access to their coins. Considering the growth since the listing, there is a high likelihood that they will want to secure their profits.
Therefore, on the day of the unlock, one might try to catch a local correction of the asset, as the mass selling of coins will significantly impact the asset's price.