SUI's next unlocking schedule is November 3, 2024, with 81.91M coins unlocked and then every month there will be more than 80M coins unlocked until the end of 2030. Is that enough to see how terrible the inflation is?
Source: cryptorank.io/price/sui/vesting
And history proves that when SUI is above $2, the participants who are divided the amount of unlocked coins will sell mercilessly, because only this uptrend is an opportunity to sell. After selling almost all the coins, they let the price fall freely.
Looking at the chart, you can see that SUI is being sold continuously at the $2.06xx price range after being sold heavily at the $2.2275 price range. After recovering above $2, the chart shows 2 consecutive price ranges that are being sold off strongly. With this strong selling pressure, the next point will be the price zone of $1.9668 and $1.7433
Never believe the FOMO-generating articles on news sites about SUI going to surge to $4, $10 or even $100. Look at the issuance, the figures on the trading chart to see the internal trading strategies of the entities that are being divided the free coins. The figures on the SUI chain are all managed by themselves and those figures are not trustworthy.
