From September 30 to October 6, 2024, over $568 million in token unlocks are scheduled, which could significantly impact market dynamics.
Some of the most anticipated unlocks include major projects like:
– $SUI: $108.68 million
– $SOL: $75.90 million
– $WLD: $58.07 million
– $IMX: $54.88 million
– $ZETA: $34.78 million
The upcoming unlocks will introduce a substantial supply into the market, potentially influencing token prices in the weeks to come.
🚨 Major Unlocks Incoming 🚨
—— From September 30 to October 6, 2024 ——
Over $568M in token unlocks are set to reshape the market. Some of the most notable projects include :$SUI : $108.68M$SOL : $75.90M$WLD : $58.07M$IMX : $54.88M$ZETA : $34.78M
This upcoming… pic.twitter.com/tpDbpkUBzW
— Token Unlocks (@Token_Unlocks) September 23, 2024
Among these, $SUI from the Sui Network stands out. In the past week, $SUI has surged by an impressive 47.6%, reaching its highest price since March 2024. This rise has sparked excitement among investors and analysts alike, with many drawing comparisons to Solana’s meteoric rise in 2021.
📈 $SUI (@SuiNetwork) has been up +47.6% in the last 7 days.
Recording a new high since March 2024 pic.twitter.com/FuXoRWSdHY— CoinGecko (@coingecko) September 22, 2024
$SUI Chart Mirrors Solana’s Chart For 2021 ExplosionÂ
According to analyst Ali Martinez, the $SUI chart mirrors Solana’s chart just before its explosive bull run in 2021, hinting that $SUI could be poised for a similar breakout. If the trend continues, $SUI could become one of the standout performers of the upcoming bull season.
$SUI looks like #Solana back in 2021 before the bull run! pic.twitter.com/SfJFJ8xPFq
— Ali (@ali_charts) September 22, 2024
With such a significant token unlock on the horizon, it remains to be seen how the influx of $SUI tokens will affect its price. However, given the recent price surge and its growing popularity, $SUI is certainly a token to watch.
As these unlocks unfold, the broader market could see heightened volatility, and projects like SUI may capitalize on increased investor interest. Whether or not $SUI will replicate Solana’s historic bull run, its current momentum suggests it could play a major role in the next market rally.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: marufahmedmd/123RF // Image Effects by Colorcinch
