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<ul class="news-points">
 <li>Around 64.19M SUI tokens worth $106.5M will be unlocked in two days. </li>
 <li>Despite previous supply pressures, SUI’s value has surged over 100% in the past month.</li>
 <li>Grayscale’s SUI Trust boosted investor confidence and contributed to SUI’s price growth.</li>
</ul>
The SUI token has been one of the best-performing crypto assets in the market in recent days, even before the ongoing Bitcoin-led rally commenced. However, SUI is facing potential supply and selling pressure that could impact its uptrend.
<a href="https://token.unlocks.app/sui" target="_blank" rel="noopener noreferrer nofollow">Data</a> from Token Unlock reveals that on October 1, approximately 64.19 million SUI tokens, worth around $106.5 million, will be unlocked. This release accounts for about 2.4% of the current circulating supply of SUI tokens.
The tokens set to be unlocked will be allocated to Series A investors, who will receive $32.92 million; Series B investors, who will take $32.07 million; and early contributors, who will receive $17.16 million. Mysten Labs Treasury will also receive $3.44 million, while $20.96 million will go to the community reserve.
Notably, the SUI project team last unlocked 64.19 million tokens on September 1 and will unleash another round of a similar quantity in Oct…
The post <a href="https://coinedition.com/sui-tokens-massive-106m-unlock-a-catalyst-for-growth-or-a-price-dump/" rel="noopener noreferrer nofollow">SUI Token’s Massive $106M Unlock: A Catalyst for Growth or a Price Dump?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

SUI Token’s Massive $106M Unlock: A Catalyst for Growth or a Price Dump?

Coin Edition

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