64 million SUI token unlock and its impact (positive)

SUI

Unlock date - Oct 1st  2024

Number of tokens  unlocked-  64.19 million SUI  (2.40% of its circulating supply)

Current Circulating Supply - 1.54 billion SUI

Previous token unlock - Sep 1st, 2024

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible.

Token distribution

• Series A: 19.84 million SUI (2.78%).
   
• Series B: 19.32 million SUI (2.78%).
   
• Early contributors: 10.34 million SUI (1.69%).
   
• Stake Subsidies: 19.68 million SUI (2.07%).

                                                                                              Source - cryptorank.io

Sui has achieved $billion in Total Value Locked (TVL) in less than 2 years since Mainnet launch.

SUIUSD support and resistance-

Resistance - $2.20

Support- $1.25