SUI tokens worth approximately $9.9 million were unlocked on August 1, adding 13.72 million tokens to circulation.
The token's price has dropped by around 5% in recent days due to broader crypto market weakness and the scheduled unlocks of SUI tokens.
Despite this short-term price pressure, a prominent trader views the current $0.50-$0.70 range as a strong buy zone with potential targets up to $20.
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