Liquidity rotation has shifted from meme coins back to mainstream L1s, and $SUI is one of the clearest beneficiaries of this rotation. But what it faces now isn’t a price pullback—it’s the fact that the money that drove the rally hasn’t kept coming in. After $2B in trading volume on September 22, the price briefly touched $1.21, but daily volume kept stepping down, shrinking to $400–500M over the past two days. Read together, the 30-day gain of 46% and the 7-day drop of 13.63% suggest that above $1.20, capital chose to scale back rather than accelerate.
With the price still 80% below its ATH, $SUI remains in recovery mode; this is not confirmation of a new uptrend. I’m more focused on the $1.00 level. After climbing from $0.70, a large amount of holders’ cost basis is clustered not far above this level. On a retest, whether volume stays moderate and whether $1.00 holds will tell us more than any single day’s move. If it breaks below on heavy volume, the past 30 days may have been no more than an echo of meme-coin spillover, rather than evidence that $SUI is building a narrative of its own. If it holds on lower volume, rotation capital will likely return.
The question is: among the capital-flow signals affecting this rally—on-chain activity, ecosystem TVL, and institutional accumulation—which changes are you tracking? What I’m missing most right now isn’t more price levels, but where the large order below $1.00 came from.
With the price still 80% below its ATH, $SUI remains in recovery mode; this is not confirmation of a new uptrend. I’m more focused on the $1.00 level. After climbing from $0.70, a large amount of holders’ cost basis is clustered not far above this level. On a retest, whether volume stays moderate and whether $1.00 holds will tell us more than any single day’s move. If it breaks below on heavy volume, the past 30 days may have been no more than an echo of meme-coin spillover, rather than evidence that $SUI is building a narrative of its own. If it holds on lower volume, rotation capital will likely return.
The question is: among the capital-flow signals affecting this rally—on-chain activity, ecosystem TVL, and institutional accumulation—which changes are you tracking? What I’m missing most right now isn’t more price levels, but where the large order below $1.00 came from.