Sui (SUI) is moving like a coin that has real buyers behind it. After a $65M token unlock hit the market, SUI did not roll over.
The SUI price held its ground and then pushed higher, which is not how weak charts behave. At the same time, SUI posted a strong 24-hour move and reclaimed the $1.80 area, bringing the $2.00 level back into focus.
However, Crypto Winkle’s thread frames it in a simple way. The move is not only about price. It is about structure, activity, and liquidity all showing up at once.
First, the break above $1.80 matters because it acts like a line in the sand. The SUI price traded below that zone for a while, then flipped it and kept going.
Second, on-chain activity is up around 30% since late November, which points to growing usage rather than a one-off pump.
Third, ETF filings add a different kind of context. It does not guarantee anything, but it keeps SUI in the same conversation as other assets that institutions track.
Fourth, the unlock getting absorbed is a key detail. Unlocks often bring selling. In this case, buyers met that supply and price moved higher anyway.
Finally, liquidity shows up in the volume figure. $1.7B in trading volume on a $7.3B market cap is not thin trading. It means the market can move size without falling apart.
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