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.

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 Chart Mirrors Solana’s Chart For 2021 Explosion 

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.

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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