SUI (Sui) has risen 20.63% in the last 24 hours, with a market capitalization of approximately 6.1 billion USD.

Gate News Bot news, on December 3rd, according to CoinMarketCap data, SUI is currently priced at $1.63, with a rise of 20.63% in the last 24 hours, reaching a high of $1.65 and a low of $1.31. The 24-hour volume is $1.181 billion. The current market capitalization is approximately $6.1 billion, an increase of $1.043 billion compared to yesterday.

Sui is a high-performance blockchain platform designed to provide fast, secure, and low-cost infrastructure. It uses the Move programming language to develop smart contracts, offering higher security and efficiency. The design goal of Sui is to combine the convenience of Web3 with the usability of Web2, providing developers and users with a better blockchain application experience.

Important recent news about SUI:

1️⃣ A large-scale token unlock is coming Sui will unlock approximately 55.54 million SUI tokens on December 1, accounting for 0.56% of the total supply, worth about 85 million US dollars. This event may have a certain impact on market circulation and short-term prices.

2️⃣ Market Attention Increases As the unlocking date approaches, SUI tokens are receiving more attention from the market. The 24-hour volume reached $1.181 billion, demonstrating strong interest from investors and active trading behavior.

3️⃣ Potential Price Volatility Expectations Large token unlocks usually trigger market fluctuations. Investors may adjust their positions based on the market reaction after the unlock, which could lead to significant volatility in the SUI price in the short term.

From a technical perspective, the price of SUI has seen a significant rise in the past 24 hours, breaking through previous resistance levels. However, as the unlocking date approaches, the market may experience a certain degree of adjustment. Investors should closely monitor the market dynamics after the unlocking to assess the potential impact on the long-term value of SUI.

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