$SUI closed at $0.822, down 3.60%, on $29M of quote volume and 211,069 trades.
For reference, $SOL closed at $86.45, down 2.87%, on $176M and 341,215 trades.
$SUI moved less than half the volume of $SOL with roughly two thirds of the trades, and fell more.
Small-volume names with high trade counts and outsized moves are thin books reacting to flow, and they tend to mean-revert harder than the majors once the flow reverses. That is a mechanical property of shallow liquidity, not an opinion about the project.
The volume, trade count and percentage move together tell you which regime a name is in. Take all three or you are reading half a picture. #SUI #SOL #Altcoins
For reference, $SOL closed at $86.45, down 2.87%, on $176M and 341,215 trades.
$SUI moved less than half the volume of $SOL with roughly two thirds of the trades, and fell more.
Small-volume names with high trade counts and outsized moves are thin books reacting to flow, and they tend to mean-revert harder than the majors once the flow reverses. That is a mechanical property of shallow liquidity, not an opinion about the project.
The volume, trade count and percentage move together tell you which regime a name is in. Take all three or you are reading half a picture. #SUI #SOL #Altcoins