About 64.19 million SUI tokens worth $106.5 million will be unlocked in two days.
Despite previous supply pressures, SUI has risen more than 100% in the past month.
Grayscale's SUI Trust has boosted investor confidence and contributed to the growth of SUI prices.
SUI has been one of the best performing crypto assets in the market in recent days, even before the ongoing Bitcoin-led rally began. However, SUI is facing potential supply and selling pressures that could impact its upward trend.
Data from Token Unlock reveals that on October 1, approximately 64.19 million SUI tokens will be unlocked, worth around $106.5 million. This release represents around 2.4% of the current circulating supply of SUI tokens.
The tokens to be unlocked will be allocated to Series A investors, who will receive $32.92 million; Series B investors, who will receive $32.07 million; and early contributors, who will receive $17.16 million. The Mysten Labs Treasury will also receive $3.44 million, while $20.96 million will go to the community reserve.
It is worth noting that the SUI project team unlocked another 64.19 million tokens on September 1 and will launch another round of the same amount in October...
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