SUI's price dynamics and market behavior have received widespread attention, especially when its price reached historical highs. There are reports that the market makers may sell at high prices, which has caused market uneasiness. Here are some key market analysis and information:
1. **Market Maker Behavior**: Market discussions about market makers selling on SUI point out that market makers may use high-level shocks, pull-up selling, fake drop selling, and lure-to-sell selling. These techniques are usually designed to deceive retail investors into buying at high prices, while the market makers complete the selling without knowing it.
2. **Market Data**: SUI's price and trading volume have fluctuated. According to market data, SUI's daily active addresses exceeded 470,000, and DeFi TVL exceeded US$785 million. In addition, SUI has risen by about 185% this year, driven by its DeFi ecosystem and stablecoin market growth.
3. **Exchange Dynamics**: Some exchanges have suspended the deposit and withdrawal of SUI on-chain tokens, which may be due to the upgrade and maintenance of SUI wallets. This may affect SUI's liquidity and market confidence.
4. **Project Update**: Mysten Labs, the development team of SUI, launched the decentralized storage network Walrus, which may be an important development of the SUI ecosystem.
5. **Market Sentiment**: The market sentiment towards SUI is complex. On the one hand, there are concerns about the behavior of market makers, and on the other hand, there are expectations for the development of the SUI ecosystem. The price increase of SUI may have attracted the attention of some investors, but some people are also worried that this may be a sign of the top of the market.
In summary, the market situation of SUI is complicated, and investors should act cautiously, keep an eye on market dynamics, and do a good job of risk management. When considering adding positions or buying SUI, you should fully consider market uncertainties and potential market makers.