Volume signaled it first: a 10-point range, closing at 1.0569, almost right at the day's high. This closing pattern is more worth watching than the gain itself. Trading volume was $54 million—not unusually high—but the price didn't pull back, which suggests selling pressure was absorbed cleanly. The whale addresses I've been watching on-chain haven't moved in the past two days; instead, smaller wallets have kept buying in. That's a classic pattern of retail buying the dip while the big players sit tight. This could be accumulation—or the prelude to a pump and dump. The difference comes down to whether it can hold above 1.05 over the next 4 hours. A few big influencers have been talking in the group about a recent uptick in DeFi TVL in the $SUI ecosystem, but the narrative hasn't really caught fire yet. Most people buying now are probably coming in from the gainers list. There's FOMO, but consensus hasn't formed yet.

$SUI #行情分析 #On-chain data