Token Unlock Fails to Slow SUI’s Rally

[cryptohog]

What makes SUI’s recent rally particularly notable is its timing. On January 1, 43.69 million SUI tokens—worth roughly $65 million—entered circulation as part of the project’s monthly vesting schedule. Token unlocks typically add selling pressure, but SUI continued to trend higher, suggesting strong demand absorbed the new supply.

Analysts also point to sustained on-chain strength following the Mysticeti v2 upgrade, with the network maintaining around 866 transactions per second. Growing interest from institutions has added to the bullish narrative, especially after Bitwise and Canary Capital filed for spot SUI ETFs, reinforcing confidence in the asset’s long-term potential.

[96f402f86e]

etf filings for sui already?? wasn’t expecting that this early tbh