(Technical Analysis) Celestia, Sui, and Aptos Prepare for $1.3 Billion Token Release Next Month

Sui is set to begin October with the release of 64.19 million SUI tokens on October 1, valued at approximately $108 million based on current figures. This release accounts for 2.4% of the circulating supply and will be distributed to Series A and Series B investors, early contributors, the Mysten Labs Treasury, and community reserves.

In contrast to SUI, the APT token has experienced significant volatility leading up to its token unlock. Over the weekend, the price surged to a peak of $8.5 due to a general recovery in the crypto market, but it has since fallen below $8. As of the latest update, it is trading at approximately $7.9, reflecting a 1% decrease in the past 24 hours, according to CoinGecko.

Celestia is set to undergo its largest token unlock on October 30, with 175.56 million TIA tokens becoming available. This release represents around 82% of its circulating supply and will be distributed to early supporters in Series A and B, seed investors, and initial core contributors.