The SUI network will introduce 119 million USD worth of tokens next week, boosting its circulation. Other tokens like Optimism and Kamino Finance will also unlock a total of 30 million USD.
Despite SUI’s gains, the overall cryptocurrency market is experiencing a decline, indicating weakening bearish momentum. SUI is facing technical resistance at 2.88 USD.
The upcoming unlocks total 212 million USD, with SUI’s share being 56%. However, this unlock represents only 1.16% of its circulating supply, likely limiting any significant price impact.
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