I've seen this message on Telegram saying "Warning - Major altcoin unlock coming in Oct". It's true that SUI had a major unlock just now on Oct 1st, with 2.4% of the supply being unlocked, mostly for early investors. But it feels like this message was over hyped and not much is happening to SUI's price because of it. In fact SUIs price jumped UP about 10% in the last 24h. Maybe we don't need to panic so much when a trending project unlocks their tokens.

Here's some more background:

The 64.19 million SUI tokens, constituting 2.4% of the total circulating supply, will be unlocked on October 1st, 2024 at 8:00 AM UTC+8. These tokens are valued at approximately $106-108 million and will be allocated to early investors, contributors, and Mysten Labs' treasury, as well as the community reserves. This unlock is part of a scheduled release, and despite concerns over potential selling pressure, the SUI token has experienced significant growth leading up to the event. Its price surged over 100% in the last month, boosted by the launch of the Grayscale SUI Trust and upcoming integrations with stablecoins like USDC​. However, investors should still be cautious, as token unlocks can introduce volatility into the market.

Great resources to check out SUI and other project's token unlock schedules: https://token.unlocks.app/sui Show Less