Sui Rises 6.05% to $1.20 Amid $190,000 Short Liquidations

Sui, the 27th largest cryptocurrency by market capitalization, experienced a significant price surge on October 2-3. The token rose 6.05% in just four hours to reach $1.20, up from $1.13 earlier in the same period. This increase was part of a broader 24-hour gain of 2.29% for SUI.

The price jump was accompanied by substantial short liquidations, with $190,000 in short positions being closed across major exchanges like Binance, Bybit, and OKX. In contrast, only $10,000 in long positions were liquidated during the same time frame.

The market capitalization of Sui stands at approximately $4.80337 billion. The cryptocurrency's price was $1.20 on Binance's spot SUI/USDT market at 10:11 a.m. Korea time on October 3.