#CryptoNewss
June 9 $3.3 billion crypto ∞ unlock. This includes SUI, with 44 million SUI coming to market on June 1. $160 million of this will be used for 3: Mysten Labs treasury contributors and the community. However, $70 million of SUI will go to Series B investors, so investors may hold on to it for the long term rather than sell off.
Currently, due to the Cetus DEX hack, the price of SUI tokens is also falling, so you need to be careful as there may be more price volatility when the tokens are unlocked.
In addition to SUI, the next token to be unlocked is APT, with 11.31 million APTs set to enter the market on June 12. Like Sui, tokens will be issued to the foundation, contributors, community, and investors.
Token unlocks are a process where token supply enters the market and those who have acquired the token supply sell it, so the amount of tokens unlocked tends to increase as the price drops. However, this is not a fixed amount and can vary depending on various factors, so futures traders need to be careful when trading tokens that they usually trade are about to be unlocked.
