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SUI Faces Market Turbulence as 44 Million Token Unlock Triggers Volatility
SUI Faces Market Turbulence as 44 Million Token Unlock Triggers Volatility
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI is currently trading at $2.81 with slight daily gains, while a significant 44 million token unlock valued at $77.35 million introduces market uncertainty. Trading volume has surged 49% to $906 million, indicating strong interest despite potential sell-off risks.
Technical analysts are watching for a breakout above the $2.90 resistance level, with potential targets at $3.40 and $4.20. However, Open Interest in sui futures has dropped by half since May, suggesting reduced speculative activity.
The Layer-1 blockchain is under scrutiny as unlocked tokens are distributed to Series B investors, early contributors, and the Mysten Labs Treasury. Price forecasts for 2025 vary widely, ranging from $2.42 to $6.18, reflecting mixed market sentiment.
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