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I know you might not be interested, but $SUI and $HYPE are expected to undergo major unlocks.
First, let's talk about $SUI. On March 1st, 42.94 million tokens will be unlocked. At the current price, that's approximately $38.27 million, accounting for 1.13% of the circulating supply. Although the unlock happens monthly, the current market is already struggling to absorb 1.13% of the circulating tokens.
Next is $HYPE. The unlock is scheduled for March 6th. Originally, it was reported that 9.92 million HYPE tokens would be unlocked, worth over $300 million. But the official announcement only shows 173,000 tokens, worth just over $5 million, which is only 0.04% of the circulating supply. The project team is releasing negative news to hit the bears hard. $HYPE 's price remains one of the bright spots in this bear market, currently holding steady above $30. Without large unlocks, there’s still potential for good performance.
*Not an advertisement *Not investment advice *DYOR