💧 SUI Price Stalls at $0.82 as TVL Flatlines Near $550M

SUI, the native cryptocurrency of the SUI network, recorded an insignificant loss of 0.68% to reach $0.86 trading value. The cryptocurrency market often experiences lower liquidity and volume on weekends as institutional traders are mostly offline. Amid this uncertainty, the SUI price faces a risk of prolonged correction as derivative market and on-chain data shows weak conviction from investors.
🔸 SUI Price Lacks Momentum After Key Network Improvements
The layer-1 network Sui had a sequence of technical and integration upgrades last week, and the token traded in a small range around $0.87.
A scheduled unlock on April 1 released approximately 43 million SUI tokens, equivalent to roughly $37 million at prevailing prices. This introduced a new supply equivalent of approximately 1.1 percent of the circulating tokens as spelled out in the project vesting schedule.
About the same period, the mainnet was upgraded to 1.68.1, and the protocol itself went to version 118. The release enabled address aliases to streamline wallet and contract interactions, enhanced security around system metadata, and a bug that might crash full nodes when simulating malformed transactions with invalid withdrawals.
On the integration front, derivatives platform Margex started accepting SUI as deposit and margin position collateral. Walmart-supported OnePay has included the token in its expanding portfolio of payment and transfer supported assets. On April 2, Sui announced its partnership with Erebor Bank, a new chartered U.S. national bank specializing in digital asset infrastructure. This connection enables regulated banking clients to deposit and withdraw stablecoins on and off Sui to deposit, withdraw, and use stablecoins.
A flat TVL during a period of sideways price action indicates a lack of fresh liquidity entering the ecosystem.
‍#SUI | #Suinetwork | $SUI