SUI Token Dips 3.16% Amid High Volatility, Strong TVL, and ETF Review Developments

SUIUSDT has experienced a 3.16% decline over the past 24 hours, with the current price at 3.8882 USDT, opening at 4.0150 USDT. The recent price decrease follows a period of heightened volatility and strong trading activity, influenced by technical factors such as a failed attempt to sustain levels above $4.00 and a subsequent pullback after reaching a high of $4.10. Despite bullish sentiment earlier in the week, including increased Total Value Locked (TVL) above $2 billion and ongoing development updates like the beta launch of Cetus Pro and news of an SEC review for a 21Shares SUI ETF, the market has seen profit-taking and resistance at key price levels.

Currently, SUI maintains robust trading volume, with 24-hour figures between $1.75 billion and $2.90 billion, and a market capitalization near $14 billion, positioning it among the top cryptocurrencies by market cap. The asset remains actively traded and is featured in Binance’s 8th anniversary promotion, reflecting continued engagement and interest in the Sui network within the Layer 1 blockchain sector.