SUI Token Drops 6.55% After USDsui Stablecoin Launch Spurs Volatility and High Trading Volume
SUIUSDT experienced a 6.55% decline over the past 24 hours, with the price dropping from 1.9822 to 1.8523 on Binance. This price movement follows the official launch of Sui's native stablecoin USDsui in partnership with Bridge, which initially contributed to a surge in SUI's price but was subsequently met with profit-taking and increased volatility. The recent price drop is attributed to this post-announcement correction and broader market uncertainty, as traders reacted to the new stablecoin launch and shifting support levels around the $2.00 mark.
Currently, SUIUSDT is trading at 1.8523 on Binance, with a 24-hour trading volume of 48.25 million SUI (94.44 million USDT) and a market capitalization of approximately $6.85 billion, reflecting heightened activity and notable short-term volatility following major ecosystem developments.
I’m watching $BTC recover after that heavy fall into the 98k zone. They’re showing a clear reaction from the bottom, and the candles are building higher lows. If this steady push continues above 99.4k, the move toward the upper range becomes possible again.
Trade Setup
EP: 99,200 to 99,400
TP1: 99,950
TP2: 100,600
TP3: 101,300
SL: 98,300
I’m keeping it focused because the recovery looks clean and controlled. If they reclaim 100k with strength, momentum will flip fast and the upside opens clearly.
Let’s go and Trade now $BTC
Another wallet, 0xa13C, received 4,978 $ETH ($16.29M) from Tornado.Cash and sold it at $3,273 eight hours ago.
Previously, Richard Heart(@RichardHeartWin, founder of HEX, PulseChain, and PulseX) deposited all 162,937 $ETH($619M) he bought at $3,800 last year into Tornado.Cash — now sitting on over $96M in losses.
Could it be Richard Heart dumping at a loss?
https://intel.arkm.com/explorer/address/0x7e37daE8099E791C1a996b86f6c938A97a55E2bD
https://x.com/lookonchain/status/1986639232866394568