SUI Token Drops 4.68% Amid Market Downturn, Yet Developer Activity Surges 40% and Usage Soars

SUIUSDT experienced a 4.68% price decrease over the past 24 hours, with the current price at 2.6388 (Binance data). The decline is primarily attributed to SUI leading a broader market drop on June 26, 2025, as reported by major news outlets, amid cautious overall crypto market sentiment and technical resistance at key levels. Despite the price drop, Sui blockchain fundamentals remain strong, highlighted by a 40% increase in developer activity and a surge in network usage, with over 14 million monthly stablecoin transactions approaching Ethereum’s levels. Trading volume remains robust at over $1 billion in the last 24 hours, and SUI holds a market cap of approximately $8.9 billion, ranking #13 among cryptocurrencies. Short-term outlook is bearish, with analysts forecasting further downside toward the $2.00 level, although elevated network activity continues to support long-term interest in the asset.