SUI’s dominating net inflow: SUI Network surpassed all blockchain networks by achieving a near 20 Million USD daily net inflow. This achievement showcases SUI’s growing traction, overshadowing competitors like Arbitrum and Solana, both having inflows just over 5 Million USD.
Ethereum’s liquidity shift to SUI: Ethereum saw a notable outflow of around 5 Million USD, indicating a shift in liquidity towards emerging platforms like SUI. This shift may be due to SUI’s innovative features and the promise of new opportunities in the blockchain space.
SUI’s bullish momentum indicators: SUI’s price reached just above 4.00 USD after rising from 2.50 USD, with the 8-day Exponential Moving Average suggesting continued positivity. Maintaining this resistance level is crucial for SUI’s drive towards a 10 USD target, with recent trading volume topping 35 Billion USD.