SUI Token Dips 2.99% After $12.54M Unlock Amid Surging DeFi TVL and $1.9B Trading Volume

SUIUSDT experienced a 2.99% price decrease over the past 24 hours, currently trading at 3.7726 according to Binance data. This short-term decline follows a period of heightened volatility and profit-taking after SUI recently surged above $4.00, driven by strong ecosystem developments such as a mainnet upgrade, record DeFi TVL, and the launch of Sui Bridge for Ethereum interoperability. The recent token unlock of $12.54 million worth of SUI and heavy trading activity, with 24-hour volumes near $1.9 billion, contributed to increased price fluctuations. Despite the pullback, SUI maintains a robust market capitalization of $13.1 billion and remains among the top 15 cryptocurrencies, with ongoing ecosystem growth and institutional interest supporting its longer-term outlook.