SUI token unlocking: a price storm is coming?
In the past few months, the SUI token has gradually become a hot topic in the crypto market. As its project continues to develop, investors are full of expectations for the future of SUI. However, hidden behind this expectation are the upcoming multiple large-scale token unlocking events - which may become a key factor in determining the future direction of SUI prices. 1. Unlocking is coming: the eve of the market storm SUI will usher in the first round of unlocking on November 1, 2024, with the unlocking amount reaching 64.19 million, worth about 133 million US dollars. This unlocking volume accounts for 2.32% of the circulating supply of SUI, and is expected to have a huge impact on market supply and demand. Immediately afterwards, the same number of tokens will be unlocked on December 1 and January 1, 2025. Within three months, more than 190 million SUI will enter the circulation market, which is undoubtedly a huge stress test for the price of SUI. 2. Will a large number of unlockings trigger a sell-off? From historical experience, unlocking events are usually accompanied by fluctuations in token prices, especially when investors choose to sell quickly after unlocking. However, the unlocking of SUI may not be as simple as "supply exceeds demand". Faced with the upcoming huge unlocking, market participants may adjust their positions in advance, which undoubtedly increases the market's expectations of selling pressure in the short term. 3. Overview of unlocking data Unlocking on November 1, 2024: 64.19 million SUI, about 133 million US dollars Unlocking on December 1, 2024: 64.19 million SUI, about 133 million US dollars Unlocking on January 1, 2025: 64.19 million SUI, about 133 million US dollars Total locked-up amount: 202 million SUI, accounting for about 20.23% of the total supply Amount to be unlocked: 522 million SUI, accounting for 52.17% of the total supply These unlocking data show that more than half of the SUI tokens are still in a locked-up state, and the unlocking plan in the next few years will continue to bring supply pressure to the market.
