Large unlocking events usually lead to price declines as the increase in supply outpaces investor demand for the asset, The Tie reported earlier this year.
MovEx had violated the lockup by initiating three transactions of 625K SUI to three unique wallets, sparking concerns around these excess tokens in the open market.
Digital payment company Six Clovers is launching a new Web3 cross-border crypto payment system called the "Versal Network," which allows companies to transact in stablecoins a...