Sui Network TVL Hits All-Time High as SUI Token Surges 30%
Sui Network's TVL hits $810.5M, up 283% this year, as SUI token surges 30% amid strong protocol growth and positive market sentiment.
Xu LinSui Network's TVL hits $810.5M, up 283% this year, as SUI token surges 30% amid strong protocol growth and positive market sentiment.
Xu LinThis week, the unlocking scale and value of The Sandbox, Arbitrum and Aptos were large, corresponding to unlocking values of approximately US$52 million, US$51 million and US$66 million, respectively, which may have a certain impact on market liquidity and prices.
JinseFinanceThis week, there are large unlocking of tokens including APT, CRV, SAND, CYBER, STRK, RENDER, etc.
JinseFinanceCurrently, more than 8 billion SUI have been staked, and more than 84% of the staked supply is held by the founding team.
JinseFinanceWintermute's strategic accumulation of ARB tokens ahead of the unlock indicates a potential profit-seeking move amidst market fluctuations.
SanyaThe competition in Alt L1 has become fierce. Near has launched a DA solution and Sui’s TVL has been rising. Only Ethereum is still unhurriedly upgrading its main network. Two major competition points have emerged in L2: parallel EVM and decentralized sequencer.
JinseFinanceIt seems ApeCoin (APE) had a recent surge in price after a bearish trend, but there's apprehension about an impending token unlock that might impact its trajectory. Despite a rebound and current trading at $1.38 with a market cap over $507 million, the release of 15.6 million tokens, valued at $22 million, raises concerns for investors. Historically, APE has seen price drops post-unlocks, adding uncertainty. Market data shows declining floor prices in Bored Ape Yacht Club (BAYC), possibly indicating similar trends for APE. While some indicators suggest a positive outlook with decreased supply on exchanges and positive money flow trends, caution prevails amid the uncertainty around the unlock's impact on APE's performance.
EdmundThe unlock, scheduled for mid February, will release 12% of the token’s supply.
OthersThese discussions are fueled by the massive funding rounds of two new L1 unicorns, Aptos and Sui, with teams and structures drawn from Meta’s now-defunct Diem and Novi projects.
CointelegraphOver 25 million APE tokens will be released to launch contributors, representing nearly 8% of the circulating supply.
Coindesk