SUI hits 6B transaction blocks as price sits at $1.20
Sui (SUI)
Editor:
Eugene Serbin
ambcrypto.com reports that Sui has surpassed 6 billion total transaction blocks, a milestone achieved through its ability to bundle multiple steps like swapping, staking, and sending into single blocks. The network also leads other L1 blockchains in transactions per second, according to the outlet. Scorecard is now working with Sui to provide compliance tools that allow monitoring of wallets and transactions similar to Bitcoin and Ethereum.
The token price recovered to $1.20 after rising from $1.00 on 25 September to nearly $1.29 by 27 September. Sellers initially dragged the price down to the $1.10 area before buyers pushed it back up. The hourly chart shows buyers in control, with the MACD crossing back above its signal line.
Open interest in futures has risen to $422 million. Funding rates saw a sharp rise, indicating traders are paying a premium to keep long positions open.
How the market reacted
Whalio's own Binance spot order flow for SUI, measured when this story was written up on 1 October 2026. Not the outlet's figures.
SUI is currently trading at $1.16 on Binance spot markets. The 1-hour buy ratio stands at 53.2%, indicating immediate buying pressure, while the 4-hour buy ratio is lower at 45.5%. Over the last 24 hours, the buy ratio is 46.2%, suggesting that short-term momentum is stronger than the broader daily trend. Volume delta for the hour is positive at $127,962, contrasting with a negative $1,001,500 over 4 hours and -$10,142,567 over 24 hours. This means that while there is net buying in the immediate hour, the overall daily flow shows more selling than buying. Only 7 out of 24 hours saw net buying, highlighting a mixed sentiment over the full day.
The latest daily buy ratio of 49.7% sits at the 54th percentile of the last 322 days, against a median of 49.4% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for SUI, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.8%, making today's 24-hour ratio of 46.2% slightly below average by 4.6 points. Volume was 1.01 times the average, showing normal trading activity. The price increased by 21.3% over the last 8 days, with a total volume delta of +$40,559 for the period. This indicates that while the coin has seen significant price appreciation, the recent daily flow is less bullish than the weekly trend. Today represents a day where immediate buying is outpacing the broader weekly average, despite lower overall daily buy ratios.