#BinanceAlphaAlert
Can SUI Coin Sustain Its Momentum?
The analysis also highlighted SUI, a Layer-1 blockchain, which recorded an impressive 60% price surge over the past week. Core fundamentals showed notable growth as well, with total value locked (TVL) increasing by 38% to reach $1.645 billion, and trading volume soaring by 177% to $599 million. Furthermore, stablecoin transactions on SUI have risen by 82% over the past two months.
Lookonchain reported: “SUI's price jumped by 60%. Its TVL climbed by 38% to $1.645 billion, while DEX trading volume surged 177% in 24 hours to $599 million. The total stablecoin supply on SUI grew from $482 million to $879 million, an 82% increase.”
Meanwhile, Bitcoin is currently trading around $94,879, and Ethereum sits at approximately $1,793. These positive market developments present a variety of insights and opportunities for digital asset investors, reinforcing the growing importance of ETFs in the cryptocurrency ecosystem.
Highlights:
– Bitcoin ETFs report net inflows of $2.78 billion.
– SUI Coin achieves a 60% price increase.
– SUI’s total locked value climbs to $1.645 billion.
– Ethereum ETFs also experience notable inflows.
These emerging trends reflect a vibrant and evolving market, creating new opportunities for investment and expansion within the crypto sector.