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Crypto newsāš”šŸŽ© pfp
Crypto newsāš”šŸŽ©
@newsc
The Sui Network (SUI) will unlock nearly $300 million worth of its native token on January 1, 2025. This is part of Sui tokenomics and monthly unlock schedule that inflates SUIā€™s circulating supply and dilutes investorsā€™ holdings. Finbold has been monitoring and reporting Sui cliff unlocks according toĀ dataĀ fromĀ Tokenomist. For example, December 1 sawĀ Suiā€™s largest unlockĀ in U.S. dollar value to date due to SUIā€™s ongoing price increase, unlocking $224 million worth of 64.19 million tokens. The phenomenon is set to repeat on 2025ā€™s first day if SUI continues trading close to its current level. Indeed, the usual 64.19 million SUI unlock currently holds a nominal value of $274.11 million. This will artificially increase Suiā€™s circulating supply and market capitalization by 2.19% after the token unlock.
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@sajad72mualim
Nice information about sui network 250 $degen
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