$SUI On-chain dollar supply tops $500M, but the price is still grinding around 0.86—who’s pricing the accumulation zone?
According to DefiLlama, Sui’s stablecoin supply is about $535M, up roughly 23% week over week, with USDC accounting for nearly 68%. On X, people are calling anything below $0.90 an accumulation zone. Binance perpetuals are currently around 0.861, down about 1.1% on the day, with a daily high of 0.878 and low of 0.854. Trading volume is about 63.5M U; OI is around 97.86M contracts, ticking up slightly, and funding rates are near zero but slightly negative.
Looking at the price action: after bouncing from around 0.83, it’s been stuck grinding sideways between 0.85 and 0.88, without a surge in volume to follow through. Stablecoin liquidity is building on-chain, but short-term pricing power still rests with risk appetite—dollars flowing in doesn’t mean spot buyers will rush in immediately. Do you put more faith in stablecoin supply, or wait to see whether it can hold above 0.90?
#Sui稳定币破5亿 #USDC-led
According to DefiLlama, Sui’s stablecoin supply is about $535M, up roughly 23% week over week, with USDC accounting for nearly 68%. On X, people are calling anything below $0.90 an accumulation zone. Binance perpetuals are currently around 0.861, down about 1.1% on the day, with a daily high of 0.878 and low of 0.854. Trading volume is about 63.5M U; OI is around 97.86M contracts, ticking up slightly, and funding rates are near zero but slightly negative.
Looking at the price action: after bouncing from around 0.83, it’s been stuck grinding sideways between 0.85 and 0.88, without a surge in volume to follow through. Stablecoin liquidity is building on-chain, but short-term pricing power still rests with risk appetite—dollars flowing in doesn’t mean spot buyers will rush in immediately. Do you put more faith in stablecoin supply, or wait to see whether it can hold above 0.90?
#Sui稳定币破5亿 #USDC-led
