SUI has retracted 82.8% from its historical high, long-term unlocking plan extends to 2030
SUI welcomes the unlocking of 13.72 million tokens
SUI has retracted 82.8% from its historical high, with another 13.72 million tokens set to be unlocked on August 1, equivalent to approximately $9.76 million based on monitoring data.
In this unlocking, early contributors released 7.65 million tokens, community reserves 4 million tokens, and Mysten Labs' treasury 2.07 million tokens; a total of 22.6 million tokens have been unlocked through four events in the past 30 days.
The buyers are traders in the secondary market absorbing liquidity, while the sellers are the continuously releasing teams, reserves, and early contributors; when prices are far from their highs, new supply typically compresses rebound space before testing the depth of spot buying.
Sui's long-term unlocking plan extends to 2030, indicating that the market is facing not a one-time shock, but a continuous linear supply pressure.
Source: Public information
ABAB AI Insight
The unlocking rhythm of SUI has always been one of the core factors in market pricing. Both official and third-party timelines show that its supply release is a multi-year, phased process, so each large unlocking is treated as new marginal selling pressure rather than a one-time event.
From a capital flow perspective, the unlocking of early contributors and treasury means that tokens shift from locked capital to circulating capital, and the market must absorb "circulating supply expansion" rather than "project narrative expansion." This will directly affect market depth, derivatives basis, and spot support levels.
In analogy, this model is similar to most high FDV, long unlocking cycle L1s: prices are often driven up by narratives first, then gradually suppressed by the supply curve. As long as the speed of new unlocks exceeds real usage growth, prices are likely to enter a "time for space" digestion phase.
Essentially, this represents a transfer of pricing power: as tokens move from internal locking to public circulation, the price determination power gradually shifts from the project team and early holders to the absorption capacity of secondary market buyers.
ABAB News · Law of Cognition
Unlocking is not giving out candy; it is bringing supply to the table.
The deeper the price falls, the more the selling pressure tests absorption.
The endpoint of token issuance is often the starting point of market pricing.