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SUI token large-scale unlocking imminent, market陷入bull and bear tug-of-war
【CryptoWorld】The SUI ecosystem has been quite lively recently. A token worth $80.41 million is about to flow into the market, accounting for 1.11% of the circulating supply. Among them, early contributors hold a share of as much as $12.58 million, and the movements of these old shareholders often reveal many signals.
Strangely, the market has shown a very divided appearance. SUI has increased by 3.45% in 24 hours, with the price rising above $1.41, which looks good. However, trading activity is declining, with trading volume dropping 8.99% to $291.41 million, indicating that there isn’t much trading volume supporting the rise. More straightforwardly, spot investors have net outflows of $5 million in the past two days.
But that’s not the whole story. The total value locked (TVL) in the ecosystem surprisingly continues to rise, reaching $922.25 million, with $24.8 million in new funds attracted in 24 hours. On the perpetual contract market, long positions are quietly increasing. It seems some smart money is positioning against the trend, but no consensus has formed yet.