SUI Token Surges Past $3 After 44 Million Unlock, Trading Volume Soars Despite Volatility

SUIUSDT experienced notable volatility following the July 1, 2025 unlock of 44 million tokens (approximately 1.3% of total supply), initially leading to sideways trading and decreased open interest. Despite initial concerns about downward pressure, SUI saw a surge in trading volume and price, briefly reclaiming the $3.00 mark and reaching highs of $3.09 amid increased investor optimism, driven by strong ecosystem growth and technical indicators suggesting bullish momentum. However, as of the latest data from Binance, SUIUSDT is trading at $2.9206, reflecting a 4.17% decline over the past 24 hours from an open of $3.0478, with robust trading volumes and a market capitalization estimated between $9.53 billion and $12.75 billion, highlighting ongoing active trading and price discovery.