Sui to Unlock 13.15 Million SUI Worth $12.11 Million on November 1
Key Takeaways
- •The Sui network will unlock 13.15 million SUI on Sunday, November 1, as the next installment in its recurring monthly release schedule.
- •Vesting-schedule data values the November 1 tranche at approximately $12.11 million, equal to 0.32% of SUI's circulating supply.
- •The unlock figures imply a circulating supply of about 4.1 billion SUI, well under the token's 10 billion maximum supply.
- •Sui is a layer-1 blockchain built by Mysten Labs that runs Move-language smart contracts, with its mainnet live since May 2023.
- •Token unlocks follow pre-announced vesting calendars, converting locked allocations typically reserved for teams, early backers, or treasuries into freely tradable coins.
The Sui network will release 13.15 million SUI into circulation on Sunday, November 1, the next installment in the layer-1 blockchain's monthly unlock schedule. Vesting-schedule data values the tranche at roughly $12.11 million and puts it at 0.32% of the coin's circulating supply.
Unlock Details
The 13.15 million SUI scheduled for release on November 1 equals 0.32% of SUI's circulating supply, according to vesting-schedule data cited by COINOTAG. At referenced market values, the tranche is worth approximately $12.11 million. Taken together, those figures imply a circulating supply of roughly 4.1 billion SUI — well below the token's 10 billion maximum — a gap that monthly unlocks progressively narrow as locked allocations convert into freely tradable coins. The release follows the network's recurring monthly unlock calendar, under which previously locked allocations enter circulation on a fixed timetable.
Background on Sui and SUI
Sui is a layer-1 blockchain developed by Mysten Labs, a company founded by former Meta engineers who worked on the Diem project. The network runs smart contracts written in the Move programming language, and its mainnet went live in May 2023. SUI, the network's native token, has a maximum supply of 10 billion coins and is used to pay transaction fees, to stake in support of network security, and to participate in on-chain governance.
How Token Unlocks Work
Token unlocks are scheduled releases of previously locked allocations — typically tokens reserved for team members, early backers, or treasury programs — that become freely transferable under pre-agreed vesting terms. As each tranche is released, it is added to a project's circulating supply. Because these schedules are published in advance, vesting-data platforms track the size and timing of upcoming releases, and unlock dates serve as reference points for measuring how a token's circulating supply changes over time. For Sui, the November 1 tranche follows that published calendar, with subsequent installments slated to arrive under the same pre-announced monthly cadence.
This content was first published on COINOTAG.
