BTCC
/
BTCC Square
/
Global Cryptocurrency
/
SUI Faces Bearish Pressure as 44 Million Token Unlock Looms
SUI Faces Bearish Pressure as 44 Million Token Unlock Looms
15
3
[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Sui (SUI) extended its decline for a third consecutive day, dropping nearly 2% as traders anticipate a 44 million token unlock scheduled for Friday. The unlock, worth $166.30 million, will boost circulating supply by 1.28%, sparking concerns about potential sell-offs.
Technical indicators show increasing bearish momentum, with the price nearing the key 50-day EMA at $3.49. Derivatives markets reflect weakening confidence, with $110 million exiting open interest ahead of the supply increase.
Historically, such unlocks create short-term volatility. The long-term effect hinges on whether holders stake tokens in DeFi or take profits. Analysts are watching whether Sui's strong fundamentals can absorb this temporary supply shock.
By:
Previous
Mutuum Finance (MUTM) Presale Gains Momentum as Investors Eye 71.43% ROI
Next
Hong Kong’s RD Technologies Raises $40M Ahead of Stablecoin Licensing Deadline
