Hello everyone, I am Penny.
Sui's stablecoin supply has just surpassed the $1 billion mark. This clearly indicates that a significant amount of capital is waiting for the opportunity to flow in.
AMBCrypto believes that the emergence of this 'dry powder' is not without reason. The expansion of stablecoin bases usually signals an increase in DeFi activity, liquidity supply, and leverage deployment.
As momentum quietly builds, the conditions for SUI to lead the broader market re-pricing seem to be maturing.
SUI's competitive advantage in the L1 strategic market is increasingly strengthening.
AMBCrypto repeatedly focuses on SUI's growing dominance in the L1 space, as it continues to post impressive numbers on key on-chain metrics.
From liquidity depth to user engagement and DEX trading volume, it represents fierce competition to traditional blockchains that once held near-monopolistic control over core network infrastructure.
Today, as its stablecoin supply surpasses the $1 billion mark, SUI is accumulating more funds. Thus, competition is intensifying, laying the groundwork for fierce confrontations in the L1 space.
As shown in the figure above, USDC dominates the SUI stablecoin market with a 70.55% share. These stablecoins are not just inert reserves, but capital poised for action.
The 13.54% weekly increase in the SUI stablecoin market marks a turning point for risk aversion, but when the market environment shifts back to risk appetite, this marginalized liquidity may become active.
Thus, this will trigger swap trades, liquidity provider (LP) inflows, and leveraged positions. With this liquidity activation, SUI seems ready to challenge the $4 resistance level.
Therefore, open the floodgates of price discovery and firmly place the new historical high within striking distance.
Progress has been made in real-world utility and investor return on investment.
Any high-conviction investment relies on two core pillars: utility-driven fundamentals and asymmetric upside potential. SUI is currently making strides in both areas.
Ecosystem developers are actively expanding real-world applications, and capital allocators have taken notice and are profiting from it.
According to Grayscale's latest snapshot, SUI ranked among the top 10 crypto assets by weekly return, achieving an impressive increase of 15.4% from May 8 to 15.
This return rate surpassed giants like TRX, BNB, and even BTC, while narrowing the gap with Solana [SOL]—an impressive achievement in the saturated L1 space.
More importantly, this is not a random increase. Bitcoin [BTC] reached a local peak of $105,755, triggering a wave of funds shifting towards high beta L1 altcoins.
Coupled with strong over-the-counter liquidity, tactical capital rotation, robust on-chain utility, and bullish return signals, SUI's recent pullback appears more like a healthy consolidation rather than a collapse.
So, this drop feels more like a brief respite rather than a complete collapse. Keep a close eye on SUI—hitting a historic high of $5 may be closer than you think.
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I am Penny, a long-term coin holder. I don't touch contracts, and I don't use leverage. I earn coins in bear markets and earn USDT in bull markets. If you're like me, feel free to follow Penny (no charges! No promotions! No referral fees!).
Let's traverse the bull and bear markets together, huddling for warmth, and strive to be a rough-cut leek.