SUI Token Climbs 2.13% as $77M Unlock Nears, Trading Volume Surges Past $726 Million

SUIUSDT has risen 2.13% in the past 24 hours, with the current Binance price at 2.8345 and a 24-hour opening price of 2.7754. This positive price movement is primarily attributed to sustained investor interest following SUI’s major rally earlier in June, where bullish technical signals and strong market sentiment drove the price surge. The anticipation of the upcoming $77 million token unlock scheduled for July 1, 2024, has also contributed to increased trading activity and short-term volatility, as market participants position themselves ahead of the event. SUI maintains robust trading volume (over $726 million in the last 24 hours), a market capitalization near $9.72 billion, and is consolidating after recent highs, reflecting ongoing investor engagement and cautious optimism amid recent volatility.