Around 64.19M SUI tokens worth $106.5M will be unlocked in two days.
Despite previous supply pressures, SUI’s value has surged over 100% in the past month.
Grayscale’s SUI Trust boosted investor confidence and contributed to SUI’s price growth.
The SUI token has been one of the best-performing crypto assets in the market in recent days, even before the ongoing Bitcoin-led rally commenced. However, SUI is facing potential supply and selling pressure that could impact its uptrend.
Data from Token Unlock reveals that on October 1, approximately 64.19 million SUI tokens, worth around $106.5 million, will be unlocked. This release accounts for about 2.4% of the current circulating supply of SUI tokens.
The tokens set to be unlocked will be allocated to Series A investors, who will receive $32.92 million; Series B investors, who will take $32.07 million; and early contributors, who will receive $17.16 million. Mysten Labs Treasury will also receive $3.44 million, while $20.96 million will go to the community reserve.
Notably, the SUI project team last unlocked 64.19 million tokens on September 1 and will unleash another round of a similar quantity in Oct…
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