The Sui network plans to unlock 64.19 million $SUI tokens on January 1, 2025, a move that could affect the market dynamics of the token.

This release represents about 2.19% of the circulating supply, raising questions about its potential impact on price. What to Expect on January 1 with the Unlocking of 64 million $SUI Tokens

If market demand cannot match the influx of supply, the increased supply could exert downward pressure on the price of $SUI. However, if a considerable portion of the unlocked tokens is retained rather than sold, the price impact may not be as pronounced.

Key Insights

Token Unlocking Details: A total of 64.19 million $SUI tokens will be released, valued at approximately $21.5 billion.

Market Impact: Increased supply could lower prices unless demand rises to absorb the new tokens.

As a leading blockchain, the Sui network continues to focus on addressing Web3 challenges through parallel transaction execution and advanced smart contract capabilities.

As the unlocking date approaches, market participants will closely monitor demand and the actions of token holders to assess the potential impact on the price of $SUI.

The entire market has experienced a lack of liquidity over the weekend, suddenly feeling like a bear market.