SUI is on fire! A weekly surge of 67%, leading the public blockchain race!
However, on May 1st, 74 million SUI will be unlocked, worth approximately $260 million, accounting for 2.28% of the circulating supply.
Given the current strength combined with trends and trading volume, market sentiment is quite FOMO, and the impact of the unlock may be absorbed by strong buying pressure.
Many people are criticizing Aptos, which also uses the MOVE language; although its growth isn’t as strong, it's still evident that it is trending upwards, and it isn’t as disappointing as many have claimed.