SUI (Sui) fell 15.21% in 24 hours

Gate News Bot news, on November 21, according to CoinMarketCap data, as of the time of writing, SUI (Sui) is currently priced at $1.39, down 15.21% in the last 24 hours, with a high of $1.80 and a low of $1.38, and a 24-hour volume of $1.158 billion. The current market capitalization is approximately $5.111 billion, a decrease of about $919 million compared to yesterday.

Important news about SUI recently:

1️⃣ Sui ecosystem DeFi innovation continues to advance The perpetual contract DEX Astros in the Sui ecosystem announced a collaboration with the AI cryptocurrency asset research platform Surf Copilot to deeply integrate AI technology into the on-chain trading interface. This initiative aims to provide users with a more efficient and accessible trading experience, reflecting the Sui ecosystem's ongoing efforts in DeFi innovation. However, the introduction of new technology may bring short-term market uncertainty, and investors may adopt a wait-and-see attitude.

2️⃣ Concerns Arise Over Security Risks in Ecological Projects The Sui official recently warned users that the social media accounts of the ecological project Aftermath have been compromised and called for a suspension of all interactions with that account. This incident highlights the challenges faced by blockchain projects in terms of security management, which could negatively impact investor confidence and is one of the potential factors for the fall in SUI prices.

3️⃣ Progress of SUI Native Stablecoin Plan Sui announced that it will launch the ecosystem's native stablecoin USDsui within the year, issued by Bridge, a company under Stripe. This stablecoin will be compatible with mainstream wallets and DeFi protocols, and is expected to enhance the liquidity and use cases of the Sui ecosystem. Although this move is beneficial for ecological development in the long term, its support for the SUI price in the short term seems limited.

From a technical perspective, the price of SUI has shown a significant downward trend recently, with a 24-hour fall of over 15%. The volume remains at a high level, indicating substantial selling pressure in the market. Although the Sui ecosystem continues to develop, the current market sentiment is cautious, and investors may be more focused on short-term risks.

This message does not constitute investment advice, and investors should be aware of the risks of market volatility.