SUI Token Holds Strong After 3.47% Dip, Boasts $2B TVL and Surging SocialFi Activity

SUIUSDT experienced a 3.47% price decline over the past 24 hours, trading at 2.9022 with a 24h open of 3.0064 on Binance. This price movement is primarily attributed to broader market volatility impacting the crypto sector, as well as profit-taking following a recent rally that saw SUI reach $3.07 and approach key resistance levels. Despite this correction, SUI continues to demonstrate strong fundamentals, including a market cap of approximately $9.76 billion, 24-hour trading volume exceeding $1 billion, and robust network activity such as a growing total value locked (TVL) now above $2 billion and increased user engagement on SocialFi dApps. The asset remains a top-12 cryptocurrency by market cap, with investors closely monitoring support near $2.90 and resistance at $3.10 as June progresses.