SUI Token Holds Top 20 Rank Amid 2.26% Dip, Strong DeFi Growth and New Ecosystem Milestones

SUIUSDT experienced a 2.26% price decline over the past 24 hours, with the current price at 2.4836 (Binance data). The recent price drop can be attributed to broader bearish sentiment in the crypto market, as reflected by declines across weekly and monthly timeframes, despite strong institutional inflows and positive ecosystem developments such as Lion Group Holding Ltd. naming SUI a core treasury asset and the deployment of the Mysticeti consensus protocol. High trading volumes, robust DeFi growth (TVL at $1.8 billion), and ongoing anticipation around upcoming platform launches like SuiPlay 0X1 continue to support market activity, but short-term price action remains pressured by overall risk-off sentiment and profit-taking near resistance levels. SUI remains a top 20 cryptocurrency by market capitalization, with a circulating supply of approximately 3.40 billion and a 24-hour trading volume of $1.31–$1.39 billion.