Today, SUI will unlock 44 million tokens, which at the current market value is approximately $19.4 million. This batch of unlocked tokens accounts for 1.27% of the circulating supply.
Tomorrow, another 56.91 million tokens will be unlocked, valued at about $21.35 million, accounting for 1.65% of the circulating supply.
The intensive unlocking schedule over these two days is one of the important reasons for the recent weak price trend of SUI.
However, friends holding SUI should not panic, as this is actually a key point for the project team to control the market. After the unlock, the increase in circulating tokens makes it easier for the project team to operate and control the market, allowing for more opportunities to raise prices and create selling opportunities in the future.
Currently, the price of SUI is around $3.5, and friends with ideas can consider buying a small amount of spot.
At present, $BTC has reached the support level of 115000. For SUI, the short-term target can see 4.5, and holding long-term above 5 is not impossible.
