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闻哥华尔街|Feb 24, 2025 11:25
Oh my god, it's too difficult, unbelievable!
SOL and SUI will receive massive unlocking this week!
Will the market collapse as 11.2 million SOLs from FTX bankruptcy auction are about to be released?
Old timers of the currency circle, two hot spots hit this week! SOL and SUI are about to unlock huge amounts of tokens, will the market be volatile as a result? Hurry up and take a look!
1. Firstly, let's talk about the SOL of FTX bankruptcy auction. After FTX went bankrupt, 41 million SOLs were auctioned off in batches, and institutions such as Galaxy and Pantera made a huge profit with astonishing returns! Will the market be under pressure as the last batch of 11.2 million SOLs is about to be unlocked?
2. Don't worry, although there may be selling pressure, considering that SOL prices are much higher than the auction average, most buyers may choose to continue holding and wait for higher returns.
3. Let's talk about SUI again. At 8:00 am on March 1st, 22.97 million SUI tokens were unlocked, accounting for 0.74% of the current circulation. Although the unlocking volume is not large, any additional selling pressure may affect the price in a fragile market sentiment. Since its launch, SUI has performed well, but the market has been volatile recently, and its performance after unlocking still needs to be observed.
4. Will the market collapse with so many tokens unlocked? There's actually no need to worry too much. Unlocking does not mean selling. Taking SOL as an example, most auction buyers are institutional investors with longer investment cycles and are unlikely to sell all at once. The unlocking volume of SUI is relatively small, and its impact on the market may be limited. But the cryptocurrency market is a 'news market', and any movement can trigger panic, so it is still important to remain vigilant, especially for short-term players.
5. Let's see what everyone has to say! Optimists believe that unlocking does not mean selling, and the market impact is limited; Cautious individuals are concerned that there may be selling pressure after unlocking, and price fluctuations are inevitable; The onlookers expressed that the cryptocurrency industry is staging a big show every day, and unlocking is just one scene, just watch it!
6. The cryptocurrency market is constantly changing, and unlocking events are just one factor that affects prices. When making decisions, everyone must consider market sentiment, technical aspects, and other fundamental factors comprehensively. Investment carries risks, so caution is necessary when entering the market!
Alright, that's all for today's melon. What do you think about the unlocking of SOL and SUI? Welcome to chat in the comment section! 🚀🚀🚀
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