📉 SUI is experiencing significant volatility during the massive token unlock event.
🔴 $SUI dropped by as much as 3% in the past 24 hours. The selling pressure comes from the unlocking of 44 million SUI (equivalent to 144 million USD) that took place from September 29 to October 6.
🔴 At the same time, SUI's trading volume surged, far exceeding the average of 6.9 million USD, indicating that there may have been sell-offs from large holders. The entire altcoin market is also in the red, adding to the pressure.
🔴 SUI is one of the largest token unlock events of the month. According to statistics, over 2 billion USD worth of tokens will be released into the market this October. Notably, the projects include: ENA (55 million USD), EIGEN (64 million USD), ASTER (620 million USD),...
See more:
Show original
7.35K
3
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.