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On [SUI] Stablecoin Supply has just fired around $ 1 billion. It is a clear sign that a mountain of capital sits on the sidelines, just waiting for a jump in.
According to Ambrypt, this type of dry powder does not appear without reason. Stablecoin Base swelling is usually preceded by ramping in the activity of defi, providing liquidity and deployment of lever effect.
With a quietly building under the bonnet, the conditions seem to be ripe for SUI on the front to reset the wider market overhang.
If the rotation of capital intensifies and the speed on the chain rises, it may not be a shot for a new historical high maximum too far.
Ambcrypto focused again and again on the growing dominance of SUI in L1 because it continues to publish impressive figures across critical metrics on the chain.
From depth of liquidity to user participation and Dex volume gives it Serious competition about older blockchains This once held almost a monopolistic control over the foundations of the base network.
Now that his stablecoin is supplied with a barrier barrier, SUI loads even more dry powder. Therefore, it intensifies the competition and sets a stage for heated clearing in the L1 area.
As shown in the above graph, the USDC dominates the Stablecoin landscape with a 70.55% share. These Stablecoins They are not just inert reserves. Instead, capital is waiting.
13.54% Weekly jump on the SUI stablecoin market indicates a rotating rotary risk, but when the market environment moves back to a risk, this liquidity can be active.
Therefore, ignition of swaps, influx of LP and lever positioning. With this kind of liquidity ready for activation, SUI looks ready to question $ 4 resistance.
As a result, opening the flood birds to discover prices and introduce fresh historical historic firmly at a significant distance.
Two basic pillars support any high -end investment: Energy -based basics and asymmetric upwards. Sui is currently shooting on both fronts.
Ecosystem devs with actively scaling Application in the real worldWhile capital allocators notice – and profits.
According to Grayscale’s latest film, SUI ranked in the top 10 crypto assets with a weekly yield and recorded an impressive 15.4% profit between 8 to 15 May.
The return profile overtaken Stalwarty as TRX, BNBand even BTC while reducing the gap with Solan [SOL] – Remarkable performance in saturated landscape L1.
What’s more, it wasn’t random. The performance came as Bitcoin [BTC] He marked the local maximum at $ 1055 and triggered a wool of rotary capital into the high beta alt L1S.
Together with a strong destruction, tactical rotation of capital, a fixed tool on the chain and the bull’s return on investment, the recent move looks more like a healthy consolidation than a schedule.
A long story short: This decline feels more like a quick rest than a collapse. Watch your eyes on sui-that 5 $ high at all times may be closer than you think.