Dec 3, 2025
5 0
– SUI token rises 21% after Coinbase New York trading approval – Token unlock of $86.86 million surpasses all December releases – Outperforms Litecoin and Hedera with only 9% gains
SUI rallied 21% after Coinbase announced trading availability for New York residents. This move triggered substantial buying pressure, allowing SUI to outperform rival altcoins.
- The rally followed an $86.86 million token unlock, which typically leads to bearish sentiment. However, the new listing reversed this trend.
- SUI's unlock was the largest among upcoming releases in December, surpassing Aster's $86.84 million and others like LayerZero and Pump.fun.
- Rival altcoins such as Litecoin, Hedera, and Avalanche saw gains of 9% and 8% respectively, underscoring the impact of the Coinbase listing.
SUI Price Forecast
- SUI broke above $1.6, surpassing the Keltner mid-band for the first time in three weeks.
- The next resistance is near $1.9, with the potential to reach $2.72 if $1.92 is decisively surpassed.
- The main support level is at $1.32; falling below could lead back to October lows of $0.56.
