SUI Token Dips 2.58% Amid Market Volatility, Yet Ecosystem TVL Surges to $5.85 Billion

SUI is trading at $2.7331, reflecting a 2.58% decrease over the past 24 hours, with a 24-hour open of $2.8054 and high trading volume exceeding $860 million. The recent price decline is primarily attributed to ongoing market volatility, as SUI experienced a sharp rally earlier in June followed by a pullback, and short-term bearish sentiment persists despite strong network fundamentals. Key contributing factors include profit-taking after the early June rally, mixed technical signals suggesting uncertainty about further upside, and broader market fluctuations impacting sentiment. However, Sui’s ecosystem continues to show robust growth, with a total value locked of $5.85 billion, rising institutional interest, and recent technical upgrades supporting high transaction throughput and fast finality, maintaining strong liquidity and developer activity despite the current price correction.