Sui rises 11% in a day, as memecoin craze gains momentum
Suis has experienced an increasing momentum, leading to a strong technical perspective, largely thanks to the same enthusiasm on the network.
Sui (Sui) wins a significant momentum, both in terms of price and network activity. On April 22, SUP jumped 11.86% to reach $ 2.43. The price rally followed a key technical break and was largely motivated by increasing the same activity on the network.
The recent price action crossed the upper limit of a downhill channel which began to train in December 2024. This led certain traders to speculate that Additional positive momentum In the coming days is likely.
Sui memecoins as MUI, Lofi and Bllub experienced significant momentum last week. For example, Lofi has increased by 143% in the last seven days, while BLLU has increased by 57% in the same period. The samescoin overvoltage has also contributed to a significant increase in the key measures of suis.
The SUP network sees a strong growth in key measures
The decentralized exchange volume and the total value of the Sucké network have been increasing, in terms of SUP tokens. Monthly Dex volume reached 3.2 billion SUP in March, after having broken 3 billion sui in February. At the same time, TVL has been increasing since December, reaching a summit of several months of 2.5 billion sui.
Growth in terms of SUD indicates an increase in network activity, despite the price of decrease in Sui, which has lost 54% of its value since its January peak. This suggests that the ecosystem is developing in real terms, with more activity on a chain.
It also appears in Stablecoin SUP figures. The total offer of stablescoins on the Suppre network reached its top of $ 880 million on April 21 and seems to cross the billions of dollars soon.
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