• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Whale's $20M SUI Position in Jeopardy

user avatar

by Giorgi Kostiuk

3 months ago


A whale's $20M position in SUI is at risk of liquidation if the asset drops to $4.56. This situation may impact the market and price movements of other cryptocurrencies.

Whale's SUI Position Under Threat

A whale's leveraged position on SUI is at risk of liquidation if the asset's price falls to $4.56. The whale has already received a warning for exceeding the borrowing limit and approaching the liquidation threshold. The position was established when the whale deposited sSUI and SUI in separate pools to borrow USDC and wUSDT. As of January 8, SUI hovered around $4.60, with occasional dips. The crypto market remained in a sideways trend as Bitcoin (BTC) and Ethereum (ETH) slid in price.

Impact of DeFi Lending on SUI

Despite the $20M position being at risk of liquidation, SUILend remains a key part of the SUI ecosystem. The chain's ability to handle such large loans shows the development of its DeFi liquidity. At the start of the year, more than $1.91B in total value was locked, allowing DeFi users to expand loans and move into stablecoin positions.

Prospects for Further SUI Expansion

SUI has shown rapid growth, but currently trades at a lower range compared to early year levels. The predictions of new peaks encounter resistance, despite forecasts from figures like WallStreetBets founder Jaime Rogozinski. In January, a new token, SUI AI Agents (SUIAI), also emerged, allowing for AI model deployment and featuring DeFi elements.

I’m calling [$SUI](https://twitter.com/search?q=%24SUI&src=ctag&ref_src=twsrc%5Etfw) bottom [pic.twitter.com/R1RvlCD1Jk](https://t.co/R1RvlCD1Jk)wallstreetbets (@wallstreetbets) [January 7, 2025](https://twitter.com/wallstreetbets/status/1876722003903717639?ref_src=twsrc%5Etfw)

SUI's position in the crypto market remains unstable due to potential liquidation of large positions. However, the expansion of DeFi and new products like SUIAI may help reinforce the chain and promote its further growth.

0

Share

Other news

Russia Converts Seized Bitcoin Into Revenue: A New Initiative

Russia introduces a mechanism to convert 1,032 BTC into state revenue, emphasizing the importance of legislation.

user avatarGiorgi Kostiuk

8 minutes ago

MAGACOINFINANCE Captures Experts' Attention in Crypto Market

The new cryptocurrency project MAGACOINFINANCE is gaining popularity due to its potential and pre-sale phase.

user avatarGiorgi Kostiuk

9 minutes ago

SUI, Algorand and Qubetics: Key Moments in the Crypto Market

Analyzing SUI, Algorand, and Qubetics: growth potentials and challenges they face.

user avatarGiorgi Kostiuk

9 minutes ago

MAGACOINFINANCE vs XRP: New Dynamics in the Altcoin Market

MAGACOINFINANCE draws attention with a capped supply and DeFi focus, challenging XRP in 2025.

user avatarGiorgi Kostiuk

10 minutes ago

Dogecoin Approaches Key Support: TD Sequential Signals and Possible Reversal

Dogecoin tests key support levels amid TD Sequential signals of possible reversal.

user avatarGiorgi Kostiuk

10 minutes ago

Arctic Pablo Coin Grabs Attention in the Crypto Market

Exploring the rapid growth of Arctic Pablo Coin, Popcat, and Non-Playable Coin in the meme coin market.

user avatarGiorgi Kostiuk

10 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.