- SUI’s would unlock 3.31% of its supply while a certain CEO dumped AXS.
- SUI’s market setup showed indecisiveness, but it could repeat its 99% increase.
- Despite AXS’ high exchange inflow, the price could climb to $7.50.
On the same day that Sui (SUI) is set to release 3.31% of its total supply into circulation, Axie Infinity (AXS) might experience a significant sell-off, recent reports showed. According to data from Token Unlocks, SUI’s upcoming unlock would be worth $60 million. This value represents 3.31% of its total supply.
Token unlocks refer to the release of previously-restricted cryptocurrencies into the market. Sometimes, this event leads to a price decline. Other times, the price of tokens jumps later.
Unlock Alert: $SUIJust 16 hours left for the imminent $SUI unlocks!!
Here's the details
Prepare for 2 Cliff Unlock Events this month, releasing over $60 million (3.31% of Circ) into the market
The First Unlock event is from ;
Community Access Program worth… pic.twitter.com/XcD5lGIGyj
— Token Unlocks (@Token_Unlocks) February 2, 2024
SUI Aims to Jump One More Time
Since SUI’s previous unlock, the price has increased by 99.22%. T…
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