$SUI This month, 74 million tokens will be released, equivalent to one-fifth of the total circulation, which is not a small amount. You can see that those big holders are already secretly transferring assets to the exchanges; the situation clearly indicates they are looking to cash out. The price has dropped from over 5 yuan at the beginning of the year to 1.7 yuan, and now, relying on the Bitcoin market, it has barely returned to 3.4 yuan. However, with so many tokens being unlocked, it could drop back to the floor at any moment.
Some people in the market are still talking about ecological development, but wallet data doesn't lie; the actions of the big holders have already made everything clear. What's even more disgusting is that those fake airdrop scams are starting to surface again. Remember, the SUI official will never proactively give you benefits. If the project party truly has confidence in its own ecology, they should learn from others and implement a lock-up plan to stabilize confidence. Allowing token unlocking like this makes it hard not to suspect they are planning to cash out and run.
In May, dealing with SUI is like licking blood from a knife's edge; either you are a professional player who can outplay the dealers, or you will wait to be harvested like chives. In my opinion, when it’s clear they are going to crash the market, it’s better to miss out than to catch flying knives.
As for the upcoming layout direction, I will guide everyone to aim for the high-profit opportunities in altcoins, expecting a space of over 10 times is not a problem. Like + comment, and I will take you to layout the entire bull market together!
