# Crypto News Related Articles

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SUI Faces Daily $15 Million Token Unlock, While BEAT Leads $81 Million Token Release Wave This Week

The article discusses significant token unlocks planned for this week in the crypto market. According to Cryptorank, seven assets, including $SUI and $BEAT, are set for major releases. Analyst account Top7 estimates a $74.9 million one-time unlock for $BEAT on August 1, constituting about 2.12% of its circulating supply. $EIGEN and $KITE will also unlock on the same day for $7.65M and $6.08M respectively, with $BTW and $ZAMA following on August 2 for a combined $13.24M. In contrast to these large, concentrated unlocks, the $SUI token follows a different, continuous daily vesting mechanism, distributing approximately $15.4 million worth of tokens weekly into circulation among community reserves, early contributors, and the Mysten Labs treasury. This gradual release is seen as less likely to cause immediate selling pressure compared to one-time events. As of July 29, $SUI trades at $0.69 with a market cap of around $2.78 billion. The piece explains that large unlocks are important for traders as they increase the pool of tokens available for sale, potentially creating downward price pressure if supply outpaces demand. This effect is considered strongest for "cliff" unlocks like $BEAT's. Despite being a regular feature on unlock trackers due to its volume and vesting schedule, $SUI's ecosystem has shown independent growth, including a reported influx of $65 billion in stablecoin volume following a recent fee reduction. A key test will be whether $SUI's price holds steady from August 1-2 amidst the concentrated unlocks of other tokens.

cryptonews.ru9h ago

SUI Faces Daily $15 Million Token Unlock, While BEAT Leads $81 Million Token Release Wave This Week

cryptonews.ru9h ago

Spicy Commentary | Michael Saylor's 'Player Talk'; 60-Year-Old Aunt Liquidated After 'Scamming a Young Man'

**"Spicy Commentary": Three Tales of Crypto's Wild Week** This week's "Spicy Commentary" column highlights three dramatic stories from the cryptocurrency world. First, **MicroStrategy's Michael Saylor** addressed the controversy over his company potentially selling Bitcoin. At the BTC Prague event, he clarified, "I never said the company can't sell Bitcoin. I told *you* never to sell *your* Bitcoin." This "do as I say, not as I do" stance was criticized by netizens as peak linguistic gymnastics, noting a history of him previously stating the company would "never" sell. Second, a **bizarre fraud case** emerged from Beijing. A 60-year-old woman, obsessed with getting rich from crypto but unwilling to risk her own savings, posed online as the 20-something "god-daughter" of a high-ranking official. She catfished a young man, convincing him to give her over 200,000 yuan for fabricated emergencies. She then invested all the stolen money into cryptocurrency with 10x leverage, only to lose everything in a market crash. The woman was sentenced to four years in prison for fraud. Finally, a **sobering trader's tale** surfaced on Reddit. A user posted "Tale of a crypto trader," confessing their net worth had plummeted from a peak of $45 million to roughly $17,200, primarily due to holding meme coins too long. The post, described as a crypto "book of confessions," sparked reactions ranging from sympathy to critique about greed, poor risk management, and the perils of treating meme coins as long-term investments instead of taking profits. The column concludes that this week featured masterful rhetoric, elaborate scams, and extreme financial volatility, stitching together another chapter in crypto's unpredictable theater.

Foresight News06/13 03:01

Spicy Commentary | Michael Saylor's 'Player Talk'; 60-Year-Old Aunt Liquidated After 'Scamming a Young Man'

Foresight News06/13 03:01

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