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SUI Plunges 12% as $164M Token Unlock Triggers Sell-Off Frenzy
SUI Plunges 12% as $164M Token Unlock Triggers Sell-Off Frenzy
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SUI's price tanks amid massive token release—because nothing says 'decentralized' like insiders cashing out first.
The Layer-1 blockchain's native token took a nosedive as $164 million worth of previously locked SUI hit circulating supply. Market makers scrambled to offload positions while retail traders got front-run—again.
This week's unlock represents 8% of SUI's total supply. The sell pressure crushed bullish momentum, with derivatives markets flashing red across exchanges.
Funny how these 'scheduled unlocks' always seem to coincide with retail liquidity peaks. Almost like someone's gaming the system—but surely that'd never happen in crypto.
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