$SUI
📊 Current Price of SUI on Binance
Price: Approximately $3.31 per SUI
24-hour Volume: Over $116 million
Main Pair: SUI/USDT
The current price of SUI is below its peak of $4.18, experiencing a decline of about 20% in the last week. This decline was triggered by overall market uncertainty and a hacking incident on the decentralized exchange (DEX) CETUS, which resulted in losses of around $223 million.
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🧠 Market Sentiment & Predictions
Technical Sentiment: Bullish
Fear & Greed Index: 78 (Extreme Greed)
Short-term Prediction: Possible correction to $3 before potential rise towards $10
Medium-term Prediction (June 2025): Potential decline to $1.99
Despite the potential short-term decline, technical indicators show opportunities for a rebound, making this a strategic moment for long-term investors.
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🧾 SUI ETF Developments
Canary Capital has filed documents with the U.S. Securities and Exchange Commission (SEC) to launch a SUI-based ETF. This move follows the announcement from World Liberty Financial (WLFI), which has added SUI assets to their token reserves. This ETF filing could enhance institutional exposure to SUI.
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🧾 Summary
Current Price: $3.31
Trading Volume: $116 million+
Market Sentiment: Bullish with potential short-term correction
ETF Development: SUI ETF filing by Canary Capital
