Oct 2, 2024
You are correct. But 5 billion (50%) of the supply doesn't get unlocked until 2030.
The biggest unlock occurred earlier in the year and VCs have a good shot at being able to pump this coin before dumping it.
It fits some very positive criteria:
-Low priced so retail can buy a lot of it
-On most major exchanges
-New/better technologoy
-As TVL increases, more SUI gets locked/added into liquidity. Being an L1 has this advantage over other altcoins.
-Influencers are already on the bandwagon