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Sui (SUI) tokens worth $106.56 million are expected to be unlocked.
According to Token Unlocks, 64.19 million SUI tokens will enter the crypto market after unlocking on October 1. This represents 2.40% of the circulating supply.
The last token unlocking event took place on September 1, when 61.19 million SUI tokens were released into circulation.
As of now, 27% of all SUI tokens are considered unlocked.
The recent SUI unlock data | Source: Token Unlocks
Sui’s Price Surged 20% This Week
The price of Sui stood at $1.51 on September 24 and then rose sharply to $1.76 on the same day.
Over the following days, the price fluctuated between $1.62 and $1.72. However, by September 29, Sui resumed its upward trend, surpassing $1.80.
The Sui price history for the last 7 days | Source: CoinGecko
This growth pattern is not limited to the past week. September, overall, has been a strong month for Sui.
Previously, we reported that the Sui’s price increase was linked to the announcement that the Grayscale Sui Trust became available to investors on September 11.
On that day, the SUI outperformed the meme coin Pepe (PEPE) in trading volume on Binance, recording $494.27 million versus PEPE’s $451.22 million.
Sui Leads TVL Growth Among Top Blockchains
The Sui has also been a standout performer in decentralized finance (DeFi) this month, ranking among the top 10 chains by Total Value Locked (TVL).
According to DeFiLlama, the Sui currently ranks 8th in terms of TVL in DeFi. Over the past month, its TVL has surged by 58.61%, reaching $979.92 million at the time of writing.
The Sui managed to outperform Base, a rapidly growing blockchain in the crypto market. Although Base is ranked higher overall, its TVL grew by only 43.37% this month, bringing it to $2.19 billion.
The Sui leads in TVL growth over the last 30 days | Source: DeFiLlama
