SUI’s May 1st Unlock Brings Risk and Reward as TVL Surges Past $1 Billion
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- SUI faces $267M token unlock as bulls aim to defend $3.14 level ahead of May 1 volatility.
- TVL surges past $1B as Sui Network fundamentals show strength before upcoming token unlock.
- MACD remains bullish while RSI warns of cooling, setting up key price prediction zones.
Sui Network (SUI) is once again on the radar of crypto investors, with a massive unlock of 74 million SUI tokens ($267.88 million) scheduled for May 1, 2025. Historically, such unlocks have stirred significant volatility in the token’s price, but past data suggests the aftermath could offer strategic opportunities for both bulls and bears.
In October 2024, an unlock of 64 million SUI tokens caused short-term volatility before bullish momentum returned. Catalysts like the launch of the Grayscale SUI Trust and a sharp rise in Total Value Locked (TVL) helped drive a strong rally.
The post SUI’s May 1st Unlock Brings Risk and Reward as TVL Surges Past $1 Billion appeared first on Coin Edition.
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