The netflow chart for various blockchain networks showed that SUI Network had the highest net flow, indicating strong activity and interest that could drive up the SUI crypto price. SUI had a net inflow of just below $20 million, while competing networks like Arbitrum, Solana, and Base had inflows above $5 million. Ethereum, on the other hand, had a net loss of assets valued at around $5 million, suggesting a movement of liquidity away from Ethereum to other networks like SUI. The SUI crypto price was retesting a key breakout level and maintaining above the support level and the 8-day EMA, indicating a strong likelihood of continued upward movement towards $10. SUI also experienced an explosive rise in trading volume, indicating increased investor engagement and potential upgrades that could enhance its appeal and functionality in the DeFi sector.
- Content Editor ( thecoinrepublic.com )
- 2024-12-11
SUI Crypto Tops All Chains In Daily Netflow: Can It Hit $10?