Retail investors are still watching $SUI ’s $1 line, while institutions have been buying for five straight weeks — this isn’t one price telling two stories; it’s two markets.
📉 Price action
On October 15, $SUI fell below $1, with $0.95–$1.00 becoming its last line of defense (reported by CoinCentral on October 15). Today (October 16), it recovered to around $1.03, up about 3.8% in 24 hours, with a market cap of about $4.3 billion, ranking 28th, and 24-hour trading volume of $1.1 billion (live data from The Block on October 16). Put simply: it was dragged down in a broad-market sell-off, then climbed back on its own.
💰 Fund flows
Prices are falling, but money is flowing in: SUI-related investment products have seen net inflows for five consecutive weeks, accumulating about 14 million $SUI . Over the same period, products tied to $BTC and $ETH saw outflows instead (reported by CoinCentral on October 15). On-chain DeFi TVL is still holding above $1.2 billion. No collapse.
📱 Fundamentals
Don’t forget Samsung’s move: In early October, it was officially confirmed that Samsung Wallet on 82 million Galaxy devices in the U.S. can directly facilitate USDC transfers on the Sui blockchain, letting users pay gas fees without even buying $SUI (reported by Blockhead on October 9; Samsung statement on October 7). When a phone manufacturer steps in to build a stablecoin payment channel, that’s real growth—not just a story.
My take
The drop is emotion; the buying is on the books. The most interesting thing about this run for $SUI isn’t the price movement—it’s the divide playing out in plain sight: one side is selling, the other is buying—and the buyers have kept at it for five straight weeks.
If you’re holding $SUI , you can probably sleep well tonight. 👀
Just my personal opinion; this is not investment advice.
#SUI #公链
📉 Price action
On October 15, $SUI fell below $1, with $0.95–$1.00 becoming its last line of defense (reported by CoinCentral on October 15). Today (October 16), it recovered to around $1.03, up about 3.8% in 24 hours, with a market cap of about $4.3 billion, ranking 28th, and 24-hour trading volume of $1.1 billion (live data from The Block on October 16). Put simply: it was dragged down in a broad-market sell-off, then climbed back on its own.
💰 Fund flows
Prices are falling, but money is flowing in: SUI-related investment products have seen net inflows for five consecutive weeks, accumulating about 14 million $SUI . Over the same period, products tied to $BTC and $ETH saw outflows instead (reported by CoinCentral on October 15). On-chain DeFi TVL is still holding above $1.2 billion. No collapse.
📱 Fundamentals
Don’t forget Samsung’s move: In early October, it was officially confirmed that Samsung Wallet on 82 million Galaxy devices in the U.S. can directly facilitate USDC transfers on the Sui blockchain, letting users pay gas fees without even buying $SUI (reported by Blockhead on October 9; Samsung statement on October 7). When a phone manufacturer steps in to build a stablecoin payment channel, that’s real growth—not just a story.
My take
The drop is emotion; the buying is on the books. The most interesting thing about this run for $SUI isn’t the price movement—it’s the divide playing out in plain sight: one side is selling, the other is buying—and the buyers have kept at it for five straight weeks.
If you’re holding $SUI , you can probably sleep well tonight. 👀
Just my personal opinion; this is not investment advice.
#SUI #公链