The spot trading volume of SUI decreased by approximately 42% to 511 million USD over the past 24 hours, signaling a retreat of short-term traders and pressure on price momentum.
Although momentum on the daily chart is weakening, the long-term structure still supports the bulls. The integration of ZenLedger with Sui could reduce operational friction, improve sentiment, and activate network activity in the coming days.
MAIN CONTENT
The spot volume of SUI decreased by 42% to 511 million USD, reflecting weak short-term demand.
ZenLedger supports SUI with automated tax, accounting, and audit-ready processes for over 300 exchanges and more than 40 blockchains.
TVL is approximately 923 million USD (-1%), Open Interest increased by 15 million USD to 747.78 million USD.
What does a 42% decrease in SUI spot volume indicate?
The decline in volume to 511 million USD indicates that short-term traders are withdrawing, weakening price momentum and making the market more cautious in the short term.
Accumulation momentum on the daily chart has stalled, reflecting reduced demand for immediate trading. However, the long-term trend structure still leans towards the buying side, indicating a potential recovery if liquidity returns. Source: Messari.
The ZenLedger integration comes at the right time
Sui confirms that ZenLedger supports SUI with tax automation, accounting tools, and audit-ready processes, covering over 300 exchanges and more than 40 blockchains through a notice on the homepage.
This integration directly addresses the complex taxation issues in cryptocurrency, reducing friction for active users. This increases the appeal of SUI to both individual and institutional investors thanks to comprehensive reporting, audit-ready processes, and cross-platform data synchronization.
Will utility drive activity back?
In the short term, TVL is nearly flat at 923 million USD, down 1%/24 hours; Open Interest increased by 15 million USD to 747.78 million USD. Traders still need catalysts for liquidity, volatility, and yield.
TVL remaining flat reflects a cautious stance: present capital remains stable but has not increased. Nevertheless, the scale of locked assets is still large enough to bolster long-term holding confidence. Source: DefiLlama.
After the announcement, institutional capital inflows improved significantly: total exchange Open Interest increased by 15 million USD to 747.78 million USD, indicating expectations for rising derivative trading. Source: CoinGlass.
The 24-hour Volatility Value Index for spot volume is 511 million USD -42% Total Value Locked (TVL) is 923 million USD -1% Open Interest is 747.78 million USD +15 million USD
SUI is in a waiting phase
The ecosystem platform improves while market participation cools; we need to see spot volume recover or new capital inflows to confirm a reliable breakout.
The ZenLedger integration could facilitate operations if it significantly reduces compliance costs, helping traders return. Long-term sentiment remains positive, but the probability of a price spike will increase as liquidity and volatility improve simultaneously. Source: Messari, DefiLlama, CoinGlass.
Frequently Asked Questions
What does ZenLedger integrate for SUI?
ZenLedger provides tax automation, accounting tools, and audit-ready processes for SUI, supporting over 300 exchanges and more than 40 blockchains, according to the Sui blog.
What are the current TVL and Open Interest of SUI?
TVL is approximately 923 million USD, down 1% in 24 hours; Open Interest increased by another 15 million USD to 747.78 million USD, according to DefiLlama and CoinGlass.
What could trigger SUI's short-term trading momentum?
The recovery of spot volume, new capital inflows, liquidity, and improved volatility, or more attractive yield opportunities on DeFi.
Source: https://tintucbitcoin.com/zenledger-co-giup-sui-khi-nguoc-song/
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