$SUI token unlocking events may trigger a price storm in the cryptocurrency market. Here is an overview of this situation:

1. **Upcoming unlocking events**: The $SUI token has become a hot topic in the crypto market, and as the project progresses, investors have high expectations for its future. However, the upcoming large-scale token unlocking event may have a significant impact on the price of SUI. On November 1, 2024, $SUI will see its first round of unlocking, with a volume of 64.19 million tokens, valued at approximately $133 million. This unlocking volume accounts for 2.32% of the circulating supply of SUI and may have a significant impact on the market supply-demand relationship. Next, on December 1 and January 1, 2025, the same number of tokens will be unlocked. Within three months, more than 190 million SUI will enter market circulation, which will undoubtedly put enormous pressure on the price of SUI.

2. **Sell-off triggered by unlocking**: Historically, token unlocking events are often accompanied by price fluctuations, especially when investors choose to sell off quickly after the unlocking. The upcoming unlocking of SUI may not only be a problem of oversupply. In the face of the impending large unlocks, market participants may adjust their holdings in advance, increasing expectations of short-term sell-off pressure in the market.

3. **Unlocking data overview**:

- Unlock on November 1, 2024: 64.19 million SUI, valued at approximately $133 million.

- Unlock on December 1, 2024: 64.19 million SUI, valued at approximately $133 million.

- Unlock on January 1, 2025: 64.19 million SUI, valued at approximately $133 million.

- Total locked amount: 202 million SUI, accounting for 20.23% of the total supply.

- Amount to be unlocked: 522 million SUI, accounting for 52.17% of the total supply.

These unlocking data indicate that more than half of the SUI tokens are currently still locked, and the unlocking plans in the coming years may continue to exert pressure on market supply.