$150M in SUI Unlocked Today as Price Surges 9%; Details
- Unlocking US$150 million in SUI.
- Impact on SUI circulating supply.
- Monitoring Sui Network unlocks.
Sui Network (SUI) is gearing up for a significant ecosystem event today, April 1: the unlocking of approximately $150 million worth of its native token. Amid the event, the token’s price has seen a significant surge in the past 24 hours, rising by over 9%.
This move, part of Sui’s monthly unlock schedule, is intended to boost circulation of the SUI token. At press time, the price of SUI was trading at $2,41, up 9.1% over the past 24 hours. During this period, SUI’s trading volume was $1.082.944.920 over the past 24 hours, representing a 12,90% increase from a day ago and signaling a recent surge in market activity.
Source: Binance
The dynamics of SUI unlocking have been closely monitored by the market, with variations in dollar values influenced by SUI price fluctuations. Data Tokenomist’s data reveals that previous unlocks have seen significant amounts, such as $274 million in January 2025 and $224 million in December 2024. Despite fluctuations in dollar values, the amount of SUI tokens unlocked remains consistent at around 64,2 million. The unlock will add 2,1% to the circulating supply.
Sui Network’s unlocking strategy, while designed to expand the ecosystem and encourage participation, raises questions about the balance between growth and dilution. The market’s reaction to this event will be crucial in determining SUI’s future trajectory.
SUI Analysis
A recent analysis by renowned cryptocurrency analyst Ali Martinez, highlighted that SUI has recently rallied by 25% following a buy signal from the TD Sequential indicator. “SUI is up 25% following a timely sequential buy signal from Tom DeMark (TD). If this bullish momentum continues, $2,88 and $3,25 are the next key levels.”
The analyst expects SUI to still rise by up to 28% from its current level if the upward movement continues. The token was trading at $2,29 at the time of publication.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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