SUI Token Surges 11% After 58 Million Unlock, Trading Volume Tops $1 Billion on Binance

SUIUSDT has experienced an 11.11% price increase in the last 24 hours, currently trading at 3.0371 on Binance. This bullish momentum follows the recent unlock of over 58 million SUI tokens on July 1, 2025, which initially raised concerns about supply overhang but was absorbed by the market, likely aided by increased trading activity and robust investor interest. The strong 24-hour trading volume, exceeding $1 billion, and a circulating supply of approximately 3.46–3.5 billion tokens have contributed to renewed market confidence, despite recent sideways trading and a prior 15.5% monthly decline. The recent exploit of the Cetus Protocol and ongoing token unlock schedule remain key factors for market participants to monitor, but the current price action reflects positive sentiment and heightened engagement.