Sui Price Analysis: Navigating the Upcoming Token Unlocks
Sui (SUI) has experienced a significant bullish trend, boasting a 126% increase in the past month. However, the upcoming release of approximately $112 million in tokens could introduce market volatility. Despite this potential turbulence, investor confidence remains high, buoyed by Grayscale's launch of the SUI Trust and a remarkable increase in Total Value Locked (TVL), which has reached $1.03 billion. Current trading fluctuations, alongside historical performance, suggest that while a sell-off may occur post-unlock, the strong TVL indicates sustained market confidence in SUI's value.
2024-10-01Read