financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
SUI Social Sentiment Hits New High: Positive Bias at Strongest Since Mid
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
SUI Social Sentiment Hits New High: Positive Bias at Strongest Since Mid
Feb 13, 2025 5:47 AM

Wednesdays US consumer price index (CPI) report, indicating a 0.5% monthly rise in consumer prices the sharpest in two years sparked a negative market reaction. Despite this, the broader cryptocurrency market staged a modest recovery.

Sui Networks native token (SUI), for one, has witnessed over 10% rebound in market cap over the past 24 hours. In contrast, most other projects remained stagnant within the same timeframe.

SUIs 5:1 Positive Social Bias

SUI momentum in 2025 has been further boosted by new partnerships and staking rewards, which have managed to sustain user engagement. Social media platforms like X, Reddit, and Telegram are abuzz with bullish sentiment.

In fact, according to Santiments latest update, positive commentary on the Sui ecosystem has dwarfed negative commentary by almost a 5:1 ratio, which is the highest positive bias for the token since mid-September.

Branded by its founders as a Deliverer of Benefits of Web3 With the Ease of Web2, Sui Network has managed to position itself as a leading player in the DeFi and gaming sectors while offering fast, low-cost transactions that appeal to users.

While the current rebound is modest compared to SUIs impressive rally of more than 259% over the past five months, it has revived optimism among investors. However, Santiment has warned against excessive crowd FOMO, cautioning that continued upward movement this week could spark retail greed and hinder the organic growth long-term investors are anticipating.

Just be cautious of too much crowd FOMO if the bounce continues the rest of the week, as retail greed could delay a more organic rally that patient investors have been waiting for.

SUIs November Downtime

Last November, Sui Network experienced significant disruption which halted mainnet block production for two hours due to a bug in its transaction scheduling logic, which caused validator crashes. The issue was swiftly addressed, allowing the network to resume transaction processing. However, the outage triggered a double-digit drop in SUIs price.

SUIs recovery following the outage was quick. During the early 2025 rally, SUI capitalized on bullish market sentiment, surging above $5. However, as the market cooled off, SUI faced increased selling pressure which dragged its value back below $4 by February 2025.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Massive Ripple (XRP) Price Surge, Another Warning for Shiba Inu (SHIB) Users, and More: Bits Recap Nov 22
Massive Ripple (XRP) Price Surge, Another Warning for Shiba Inu (SHIB) Users, and More: Bits Recap Nov 22
Nov 22, 2024
TL;DR Ripple (XRP) hit $1.40, boosted by news of SEC Chair Gensler’s upcoming resignation, sparking hopes for a more crypto-friendly regulator. The Shiba Inu team warns against scammers targeting its community with fake tokens and services. Bitcoin (BTC) climbs toward $100K, driven by Trump’s pro-crypto stance, with analysts eyeing further highs. XRP Leads the Altcoin Parade The past 24 hours...
Will Crypto Markets Keep Cranking When $2.8B Bitcoin Options Expire Today? 
Will Crypto Markets Keep Cranking When $2.8B Bitcoin Options Expire Today? 
Nov 22, 2024
Around 29,000 Bitcoin options contracts will expire on Friday, Nov. 22, and they have a notional value of around $2.84 billion. Today’s options expiry is slightly smaller in magnitude than last week’s, but spot crypto markets are on fire, with peak prices being hit by several assets. A huge $9 billion expiry event will occur at the end of the...
Bitcoin Community Thanks Bears and Non
Bitcoin Community Thanks Bears and Non
Nov 22, 2024
It has been just over two weeks since it became known that the self-proclaimed pro-crypto candidate, Donald Trump, will be the next president of the US. The news was received with open arms by crypto investors as prices of all major assets skyrocketed to local or all-time peaks. Expectedly, bitcoin was and still is at the forefront of gains. The...
Gensler’s Departure Turns Altcoins on Fire: Solana Hits ATH, XRP up 25%
Gensler’s Departure Turns Altcoins on Fire: Solana Hits ATH, XRP up 25%
Nov 21, 2024
Crypto market capitalization surged to an all-time high of $3.44 trillion on Friday, Nov. 22. It has been primarily driven by Bitcoin, which topped $99,000 at a new all-time high as its dominance remains high at over 60%. However, several altcoins are also making big moves, with many showing double-digit growth today. Solana (SOL) is the standout at the moment, hitting...
Copyright 2023-2025 - www.financetom.com All Rights Reserved