Sui's Price Jumps 3.96% to $1.25 Amid $580k Short Liquidations

Sui, the cryptocurrency with the ticker SUI, has seen significant price action in the past hour. The token jumped from $1.20 to $1.25 as of 3:37 a.m. ET (07:37 UTC) on September 27, representing a 3.96% increase.

This surge comes after a 7.25% rise over the past 24 hours. Data collected directly by TokenPost from Binance's spot SUI/USDT market shows this price movement.

Short liquidations across major exchanges like Binance, Bybit, and OKX totaled $580,000 during this hour, while long liquidations were zero.

Sui currently holds the 27th position in terms of market capitalization with an approximate value of $4.92336 billion.