In recent weeks, the price of SUI has been showing a consistent downward trend. This article examines the current price indicators, capitalization, and user activity in the network.
Current Price Trends of SUI
As of the time of writing, the price of SUI stands at $2.4940, marking a 17.69% loss compared to last week and a 30.15% loss for the month. The current prices are significantly below the 20, 50, 100, and 200-day exponential moving averages. The convergence of the 20-day and 50-day EMAs around $2.4890 indicates short-term selling pressure. The use of these indicators confirms the presence of a bearish trend.
Capitalization and its Decline
The market capitalization of SUI has shown a steady and significant decline over the past month, falling from just under $13 billion in late May to $8.42 billion as of June 23, 2025. This marks a drop of nearly 35%, indicating sustained bearish sentiment and investor outflow from the SUI ecosystem. The sharp decline in capitalization occurred in mid-June, possibly linked to geopolitical factors affecting investor confidence.
User Activity in the SUI Network
The SUI Network exhibits strong and consistent user growth, with the total number of accounts reaching 213.4 million, including an impressive surge of 433,800 new accounts created in the last 24 hours. Daily active accounts have ranged from 200,000 to 450,000 in the past 30 days, indicating a steady base of engaged users.
The current situation regarding SUI's prices and market capitalization reflects a bearish trend, while user activity in the network remains high, highlighting community interest and engagement.
