$SUI is at a crossroad with conflicting market signals. While spot trading volume has plummeted, the ecosystem has just received a significant infrastructure boost from ZenLedger, promising to attract institutional capital.
šø Short term trader participation is clearly weakening.
Spot trading volume has evaporated by 42% in the last 24 hours, to approximately $511 million.
The price is stabilizing after a rapid surge. Total value locked is flat at $923 million a slight decrease of 1%, indicating that DeFi capital is in a defensive state, awaiting a new trend.
š¹ A major infrastructure advancement has just been announced.
$SUI confirm integration with ZenLedger a leading cryptocurrency tax and accounting platform.
Support automated tax and audit reporting for user across over 300 exchange and 40 blockchain. This addresses the biggest pain point for institutional and whale investor the complexity of legal compliance. This is a strategic move to increase the practical utility of SUI.
š¹ In contrast to the sluggish Spot market, the derivatives market is very active.
Open interest surged by $15 million in just one day, bringing total OI to $747.78 million. Big players are quietly increasing their derivative positions despite the Spot price remaining flat.
Do you think the utility of ZenLedger is enough to draw money back to SUI, or does the market need a deeper crash to trigger buying?
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