$SUI faces mixed market signals: Will ZenLedger’s integration help the altcoin?
SUI is trading in a mixed environment as its spot volume collapsed 42% to $511 million in the past day, signaling weaker short-term trader participation.
The drop is already reflected in price action, with daily momentum fading even though the broader market structure still favors long-term SUI bulls. Amid the slowdown, the ecosystem secured a meaningful upgrade as ZenLedger now supports SUI, providing automated tax tools, accounting features, and audit-ready reporting across 300+ exchanges and 40 blockchains.
For an ecosystem focused on real-world utility and reducing user friction, the timing could not be better, directly addressing messy tax workflows and potentially attracting both retail and institutional participants.
However, traders will still look for near-term catalysts. SUI’s TVL remains stable at $923 million, slipping only 1%, showing capital is steady but not expanding. Open Interest surged by $15 million in a day, pushing total OI to $747.78 million, hinting at institutional repositioning.
SUI now sits at a crossroads; fundamentals are improving, but market activity is cooling, and a rebound in spot volume or stronger liquidity flows will likely determine the next major move.
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