SUI’s $300M-Plus Token Unlock: Will It Trigger Another Price Crash?
As Sui prepares for a significant token unlock of $332 million in May, market participants are on high alert. Historical data suggests such unlocks often lead to price drops, raising concerns among investors. However, improving sentiment in the crypto market and bullish technical indicators could spur a counter-rally towards $4.64. It is essential to analyze market reactions closely during this unlock period, as outcomes may vary significantly based on investor responses and overall market conditions.