Ouch! #SUI just took a 14.95% dive today. đAnd guess what? It's partly because of a token unlocking event for sure! đ
Over 64 million $SUI tokens were unlocked a few days ago, which flooded the market and sent the price plummeting. đ€źđŠ
Remember what Messari Research said? Token unlocks can have a major impact on token performance, especially in the seven days before and after the event. đ€â ïž
So, what's the takeaway? Token unlocking events can be risky.
Always do your research before investing, and be prepared for volatility. â ïž #Altcoins