What are Token unlocks? When crypto projects launch tokens, they don't all go into circulation at once, Typically a good percentage of the tokens go into "Vesting" or "Locked" over a period of time so that service providers are incentivized to grow the network over the long term, the tokens get unlock according to a predetermined schedule.
Sui, a Layer 1 blockchain, is poised for a smaller token unlock of 61 million tokens on June 3, 2023. The total value of the #SUI tokens, according to today’s rate, is around $67 million. This will result in a 13% increase in Sui’s circulating supply. So we should see a pump in Sui price in the next couple of days.
