The Argument of Unlocked Token ---- Sui

If you regularly engage in DeFi activities, Sui may be familiar to you. This is a network designed to build complex DeFi activities. Relying on a dedicated high-security wallet and Object concept to provide an environment for Dapps that are difficult to innovate on EVM. Judging from the current Defi ecosystem, Sui is undoubtedly second only to the mainnet and Arbitrum.

But the price of Sui has almost halved since April. The reason for all this may be attributed to the 50% of unlocked tokens. Some on-chain detectives recently discovered that the total supply of Sui is less than 10 billion, and the number of Sui in the staked state exceeds 8 billion. However, there are 5 billion Sui on the unlocking roadmap that will be unlocked after 2030. Detectives speculate that these tokens, which will be unlocked in the future, have already been unlocked and staked by the foundation. Such behavior has brought centralized criticism to the Sui Foundation. This prompted the market to price Sui with a larger circulation volume, causing Sui to fall sharply.

Because the 50% part is not in the true sense of circulation, if the foundation can give the market a satisfactory margin and correct the mistake in the future, Sui will soon be back based on its excellent ecosystem. Sui may continue to maintain a bearish trend before this time.

It is also obvious from the indicator. Although Sui rebounded after the decline in early April, the TSB indicator gave a SELL signal on April 16 based on the AI algorithm. Although Sui briefly rebounded after this, it soon fell again. It can also be clearly seen from the indicator chart that when the column touches the wavy area, the bears strengthens and the decline begins.


Introduction to indicators:

Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.

KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.

Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.

Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.