Sui Gains on Rival Solana as Trading Volume Explodes by 101%
2025-07-04 03:13:40
Main Idea
Sui (SUI) has experienced a significant surge in trading volume and price, outperforming rival Solana (SOL) in key metrics, with analysts suggesting potential for further growth.
Key Points
1. Sui's 24-hour trading volume surged by 101.31%, reaching $1.48 billion, and its price increased by 4% to around $3.00.
2. Crypto analyst KNIGHT highlighted a chart pattern indicating Sui might be preparing for a breakout after consolidating between $2.00 and $2.40.
3. Sui outperformed Solana in price growth, with a 2.89% increase compared to Solana's 0.81% over the same 24-hour period.
4. Sui's market capitalization stands at $10.3 billion, placing it just behind Solana's $10.93 billion.
5. Sui has shown strong developer growth at 16.1% year-on-year, closely competing with Solana's 17.7% growth rate.
Description
Sui’s 24-hour trading volume exploded by over 101%, reaching $1.48 billion amid renewed interest The Layer-1 blockchain has recently outpaced its key rival Solana in short-term price performance A technical chart pattern suggests Sui could be preparing for a breakout after a long consolidation The Layer-1 blockchain Sui (SUI) is seeing heightened market attention, with its price showing renewed strength and its trading volume exploding by over 100% in a single day. The recent performance has see...
Latest News
- Crypto Czar Says GENIUS Act Is Trump’s Next Win After ‘One Big, Beautiful Bill’2025-07-04 12:06:03
- DeFi Development Corp. Buys Another $2.7 Million in SOL, Boosting Its Crypto Treasury2025-07-04 11:48:48
- Bitcoin’s $120K Case: Built on Charts, Confirmed by a $600M ETF Flood2025-07-04 10:45:19
- Healthy Pullback – ETH and XRP Build the Base for the Next Leg Up2025-07-04 10:31:45
- Will FTX Claims Include Countries Where Cryptocurrency Activities Are Restricted or Banned?2025-07-04 10:16:37