The biggest supply event of November's $1.2B unlock week lands in 10 days — and it's $SUI .
On Nov 1, ~44M SUI unlocks for Series B investors, early contributors, Mysten Labs' treasury and the community reserve. That's ~$46M at today's $1.04, and per Tokenomist's calendar it's the largest dollar unlock of the Oct 27–Nov 2 week — which also stacks GRASS (181M tokens, 72% of its circulating supply, Oct 28), EIGEN (36.8M, 12.1% of supply, Nov 1), OP, IMX and ENA.
The uncomfortable part: SUI's last three monthly unlocks each printed a price decline in the days after. The supply math explains why — only ~41% of the 10B total supply is circulating, vesting runs into 2030, and daily stake-subsidy emissions keep flowing on top.
But two things cut the other way. SUI holds the #29 rank with a $4.3B mcap — ~$46M is ~1% of that, not the 72%-of-supply cliff GRASS faces. And unlocks release supply; they don't force anyone to sell. Early contributors have already sat through months of these monthly cliffs.
SUI trades $1.04 today (+0.8% 24h), above its 4h EMA20 at $1.01. The Nov 1 cliff is on every unlock calendar — the question is whether it's already priced into the bids.
Question for the room: does the Nov 1 unlock put a ceiling on $SUI into next month, or does the market shrug through a scheduled $46M the way it shrugged the last ones?
On Nov 1, ~44M SUI unlocks for Series B investors, early contributors, Mysten Labs' treasury and the community reserve. That's ~$46M at today's $1.04, and per Tokenomist's calendar it's the largest dollar unlock of the Oct 27–Nov 2 week — which also stacks GRASS (181M tokens, 72% of its circulating supply, Oct 28), EIGEN (36.8M, 12.1% of supply, Nov 1), OP, IMX and ENA.
The uncomfortable part: SUI's last three monthly unlocks each printed a price decline in the days after. The supply math explains why — only ~41% of the 10B total supply is circulating, vesting runs into 2030, and daily stake-subsidy emissions keep flowing on top.
But two things cut the other way. SUI holds the #29 rank with a $4.3B mcap — ~$46M is ~1% of that, not the 72%-of-supply cliff GRASS faces. And unlocks release supply; they don't force anyone to sell. Early contributors have already sat through months of these monthly cliffs.
SUI trades $1.04 today (+0.8% 24h), above its 4h EMA20 at $1.01. The Nov 1 cliff is on every unlock calendar — the question is whether it's already priced into the bids.
Question for the room: does the Nov 1 unlock put a ceiling on $SUI into next month, or does the market shrug through a scheduled $46M the way it shrugged the last ones?