A lot of people are asking: $SUI is up 54%—is that really a big move?
It has definitely risen fast, but on-chain data hasn’t kept pace. TVL is up just 15.5% over the past four weeks, while DEX trading volume has fallen from $115 million to $34.4 million.
Put simply, the token price is moving faster than on-chain usage. A price pump alone isn’t enough; we’ll need to see whether real capital and trading volume can catch up.
Next, keep an eye on the 1.12 support level and the unlocks after Basecamp. Until the divergence between price and volume improves, don’t rush to chase the rally.
It has definitely risen fast, but on-chain data hasn’t kept pace. TVL is up just 15.5% over the past four weeks, while DEX trading volume has fallen from $115 million to $34.4 million.
Put simply, the token price is moving faster than on-chain usage. A price pump alone isn’t enough; we’ll need to see whether real capital and trading volume can catch up.
Next, keep an eye on the 1.12 support level and the unlocks after Basecamp. Until the divergence between price and volume improves, don’t rush to chase the rally.