Sui token fell 8.76% over the past week and 1.43% in the last 24 hours, while Bitcoin gained 0.5%. A total of 13.72 million SUI tokens worth $9.76 million will be unlocked on August 1, adding to the 22.76 million tokens already released over the past 30 days. The token price dropped from $1.42 to $0.65 between May and early June, and has been consolidating for two months between $0.70 and $0.77. Only 40.6% of the vesting schedule has been completed, meaning more unlocks are ahead. A bounce toward the Fibonacci zone between $1.12 and $1.25 is possible, but a break above $1.42 would be required to reverse the long-term bearish trend.
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