$SUI
The SUI perpetual contract has seen around 230 million USDT in 24-hour trading volume, with the price hovering near 1.1167.
Someone on X pointed out that despite all the SUI news this week—everything from a 40.6M TPS stress test to USDC transfers being added to Samsung Wallet—the price still plunged from around 1.20 to a low of 0.9978 at one point, a drop of nearly 17%. It has now bounced back from that low.
When positive news can’t withstand macro-driven selling pressure, this kind of price action really leaves you at a loss for words.
$SUI
The SUI perpetual contract has seen around 230 million USDT in 24-hour trading volume, with the price hovering near 1.1167.
Someone on X pointed out that despite all the SUI news this week—everything from a 40.6M TPS stress test to USDC transfers being added to Samsung Wallet—the price still plunged from around 1.20 to a low of 0.9978 at one point, a drop of nearly 17%. It has now bounced back from that low.
When positive news can’t withstand macro-driven selling pressure, this kind of price action really leaves you at a loss for words.
$SUI