SUI Token Jumps 8.4% After 44 Million Unlock, Trading Volume Surges to $903 Million

SUIUSDT experienced an 8.40% price increase over the past 24 hours, rising from 2.6914 to 2.9175 on Binance. This upward movement follows the recent unlock of 44 million SUI tokens (1.3% of total supply) on July 1, 2025, which initially contributed to supply-side pressure and volatility. However, the surge in trading volume—up 38.60% to over $903 million—suggests renewed market interest, potentially driven by active trading around the token unlock event and ongoing discussions about Sui's on-chain growth and ecosystem development. Despite broader market pressure and recent declines, SUI's current circulating supply stands at approximately 3.5 billion out of 10 billion total, with the project maintaining strong activity and investor interest.