#sui
SUI Token Unlock: Is a Price Storm Coming?
Original web3vip On-chain New Life
Unlock Countdown: Eve of Market Storm
The first round of SUI token unlock will take place on November 1, 2024, unlocking 64.19 million tokens, valued at approximately $133 million. This unlock volume accounts for 2.32% of the circulating supply of SUI, representing a significant change in market supply and demand. Furthermore, on December 1 and January 1, 2025, similar amounts will be unlocked.
In just three months, over 190 million SUI tokens will flood the market, putting the price of SUI to the test.
Will there be a massive sell-off after the unlock?
Historically, token unlocks are often accompanied by price volatility, especially when investors rush to sell. However, for this SUI unlock, the tokens may not just be sold to the market; they could also be used for project development and community incentives. Therefore, the actual impact of this unlock will depend on how the newly unlocked tokens are utilized.
Nonetheless, with so many unlocked tokens, investors might adjust their holdings in advance, leading to increased selling pressure in the short term.
Unlock Data at a Glance
November 1, 2024: Unlocking 64.19 million SUI, valued at approximately $133 million.
December 1, 2024: Unlocking another 64.19 million SUI, still valued at approximately $133 million.
January 1, 2025: Continuing to unlock 64.19 million SUI, valued at approximately $133 million.
Total Locked Up: 202 million SUI, accounting for 20.23% of the total supply.
Still Locked: There are still 522 million SUI waiting to be unlocked, accounting for 52.17% of the total supply.
This data tells us that over half of the SUI tokens are still locked up, and the unlock plans in the coming years are expected to exert significant supply pressure on the market.
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