The post SUI Leads With $213M Unlock appeared on BitcoinEthereumNews.com.

Several cryptos, including Sui, DYDX, ZETA, and ADA, have been reported to unlock a huge amount of their respective tokens into circulation. Sui is reported to release 64.19 million tokens ($213.77 million), while ZETA is expected to unlock 53.89 million tokens ($38.45 million). According to reports, 26 cryptos, which include Sui, DYDX, ZETA, and ADA, are set for major token unlocks between November 25 and December 2 amidst the current market volatility. Based on our research, these could trigger a short-term drop and subject the ecosystems to long-term sustainability. Sui (SUI) From October 28 to November 4, Sui unlocked 64.2 million tokens ($111.06 million) into circulation, accounting for 2.3% of its circulating supply. In the current exercise, 64.19 million tokens ($213.77 million) would be released within a space of eight days. At press time, Sui was trading at $3.6 after surging by 6% in the last 24 hours. Its network recently processed a staggering 298 million daily transactions to outpace its previous feat. According to analysts, a continuation of its positive on-chain activities could rapidly nullify the negative impact of its token unlock, sustain its bullish trend, and “send” the price to $4.7. $SUI #SUI 1D chartI know you guys wanna see ‘up only’ but let’s be realistic – pullbacks are healthy.According to my EW count, we’ve finished this w4 small correction and we’re heading off to my next target – $4.7-5.2 🎯 pic.twitter.com/YzUsdQKzJE— CryptoBullet (@CryptoBullet1) November 26, 2024 DYDX DYDX is set to be unlocked for $12.67 million amid the upcoming dYdX Unlimited upgrade. Currently, 63% of the tokens are unlocked, with 8.33 million ($13.25 million) expected to be released in the next two hours. At press time, this asset was trading at $1.59 after surging by 4% in the last 24 hours. According to analysts, this asset could…

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Filed under: News - @ November 29, 2024 1:14 am