SUI holders need to be aware that even with the frequent good news, the price may have peaked in the short term.

Grayscale recently opened a fund trust for sui, perhaps Grayscale believes that sui is redefining the smart contract blockchain.

Ant Digital Technology Zan also reached a cooperation with sui today. Yes, it is Alibaba's Ant Group. Their international business operating income increased by more than 300% in 2023, and their strength is outstanding.

These good news have led to a strong rebound and rise in sui today. But I think the current price is not a good position to chase the rise and buy sui.

Data shows that the project party of sui has been selling in the past few days. In addition, sui has token unlocking every month, and there is about half a month before the next unlocking.

For tokens that are frequently unlocked, try not to buy at high levels in the short term. Compared with long-term holding, swing trading may be more cost-effective. If you want to invest in sui for a long time, it would be more appropriate to wait until the amount of token unlocking decreases, after all, monetary inflation will easily depreciate.

The good news from Grayscale may only lead to a short-term rise. For example, Grayscale also launched NEAR and STX at the end of May, but they are still falling.

Technically, the price of Sui has reached the pressure range, and there is a high possibility of a correction in the short term. So don't be blindly optimistic to buy. The cycle of Grayscale Trust is relatively long. If you are optimistic about Sui, then you should have enough patience to invest in it. #sui链