Analysis of price fluctuations of SUI in the week from January 1 to January 7, 2025

The week from January 1 to January 7, 2025 is expected to have many strong fluctuations in the price of SUI due to the event of unlocking nearly $300 million in SUI token value. This is part of the project's periodic token distribution process, which increases circulating supply and can influence investor sentiment and market dynamics.

Before unlocking, SUI was showing positive signs reaching an all-time high (ATH) of $4.93 in December 2024. However, at the moment, the price is hovering around at $4.26, down 5.31% over the past week but still up 31.25% over the past month. Analysts predict that the SUI price may continue to rise to $5 in the coming months, especially after this unlock event.

While potentially bullish, the massive unlocking of tokens could lead to a sell-off from some investors, especially given the current market volatility. The worry that prices may be negatively affected after unlocking cannot be ignored. There could be stiff competition between SUI, Solana and XRP, and this could increase price uncertainty in the near term.

In summary, in the first week of January 2025, SUI is likely to experience strong price fluctuations, with risks but also upside opportunities, especially if the market maintains positive sentiment after the events. Important events like unlocking tokens. Investors should closely monitor the situation and consider their actions in light of these fluctuations.