$SUI PRICE REBOUND OR CRASH AHEAD OF $54M TOKEN UNLOCK EVENT
Sui (SUI) price sees increased volatility as a major token unlock looms, with 64.19 million SUI tokens set to be released on September 1, 2024. This unlock represents 2.47% of the total supply, valued at $54.57 million, and may impact market dynamics. Currently, Sui's Total Value Locked (TVL) exceeds $608 million, reflecting robust growth and investor confidence. Despite the rebound, caution remains as the market anticipates potential price drops, possibly stabilizing at $0.8 or further declining to $0.7 or $0.6 if bearish trends persist.
