$SUI unlocks $123 million worth of tokens

On Tuesday, July 1, the SUI project will unlock 44 million tokens worth $123 million. That's 1.30% of the network's circulating supply. According to Tokenomist.ai, these tokens will be distributed to the Sui community reserve, early adopters, the Mysten Labs treasury, and investors.

If any of the recipients decide to sell the unlocked tokens, Sui's price will come under pressure. Recent reports show that 90% of unlocks lead to a decline in token value.