Robinhood Lists SUI for U.S. and EU Traders as Token Slides on Heavy Volume
Fresh supply from a $171 million unlock collides with elevated derivatives interest, keeping sentiment cautious.
Overview
- Robinhood confirmed SUI spot trading for users in the United States and Europe, with platform liquidity supported via Bitstamp.
- An official Sui blog post revealing the listing went live early and was removed, a leak that preceded sharp intraday swings.
- SUI traded near $3.5 with more than $1.4 billion in daily volume, extending a multi-day decline alongside broader market weakness.
- A roughly $171 million token unlock on Aug. 19 increased circulating supply by about 5%, raising near-term sell-pressure risks.
- Derivatives open interest hovered around $1.9 billion and technical signals were mixed, leaving traders positioned for potential volatility.