SUI Unlocking Revealed
This time, SUI unlocking did not usher in a big waterfall, but a burst. What will happen next?
SUI unlocked 150 million US dollars today, accounting for 2% of the total supply. Generally speaking, unlocking is seen as bad news, because it will increase the liquidity of the coin and the market value will also increase. But unlocking does not mean a decline.
Will the dog dealer make trouble? The open unlocking can still burst, catching many short sellers off guard. However, shorting in the first two days is not a big problem, as long as you don’t open a high leverage and set a stop loss. After all, investment is not a 100% profitable thing.
Most of the unlocking this time was given to the project party, and retail investors have very few chips. The subsequent project party is likely to sell, and then the waterfall may come. As for when, it all depends on the mood of the dog dealer.
At present, SUI has daily level resistance at 1.9.
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