SUI (Sui) rose 5.48% in the last 24 hours.

Gate News Bot news, July 4th, according to CoinMarketCap data, as of the time of writing, SUI is currently priced at $3.07, with a rise of 5.48% in the last 24 hours, reaching a high of $3.08 and a low of $2.66. The 24-hour volume has reached $1.241 billion. The current market capitalization is approximately $10.594 billion, with an increase of $550 million compared to yesterday.

Sui is a scalable blockchain infrastructure platform designed to leverage the advantages of Web3 while maintaining the convenience of Web2. Its features include the secure Move programming language, zkLogin authentication, customizable trading and transfer strategies, among others. Sui supports application development in multiple fields such as gaming, finance, and commerce, providing users with asset ownership and near-instant transaction settlement.

Important recent news about SUI:

1️⃣ Developer community is growing rapidly Sui has become the second fastest growing L1 developer community in the past year, with a growth rate of 16.1%. Over the past two years, the growth rate of Sui’s developer community has reached as high as 54%, ranking first. This performance stands in stark contrast to the overall trend of a approximately 20% decline in the number of developers in the crypto industry, demonstrating the strong development momentum of the Sui ecosystem.

2️⃣ Large-scale token unlock is coming soon On July 1st, Sui will unlock 44 million tokens, valued at approximately $164 million, accounting for 1.3% of the current circulating supply. This is the highest amount among the various cryptocurrency unlocking plans this week. The large-scale unlocking may bring short-term selling pressure to the market, and investors need to closely monitor price fluctuations.

3️⃣ Ecosystem security issues have drawn attention The Sui ecosystem wallet Slush has issued a security notice, warning users to be aware of malicious plugins targeting the Firefox browser. This incident reminds investors to pay extra attention to security issues when using Sui-related services, and also reflects that as the Sui ecosystem expands, security challenges are increasing.

From a technical perspective, SUI recently encountered resistance near $2.66, but short-term market sentiment has improved. Around $2.60 seems to have formed a certain level of support, and whether SUI can break through the $2.66 resistance level in the coming days will be crucial.

This message is not intended as investment advice; investors should be aware of market volatility risks.