Latest news with #SUI
Yahoo
3 days ago
- Business
- Yahoo
SUI Reverses After Wild Swings; Trading Volume Spikes 11% Above 30-Day Average
SUI SUI experienced a turbulent 24-hour trading window marked by sharp intraday swings and heavier-than-usual trading activity. After initially plunging to $2.71, the token mounted a brief rally toward $2.92 before encountering strong resistance near $2.82, according to CoinDesk Research's technical analysis model. That zone capped the recovery, triggering a swift reversal that dragged prices back toward the $2.78–$2.79 area. What made the move more notable was the accompanying surge in 24-hour trading volume, which spiked 11% above the 30-day average. That level of participation amplified the volatility, with fast-moving price swings exposing both bulls and bears to whiplash moves. The rejection from $2.82 and failed attempts to retake that level set the stage for more cautious trading in the near term, the model showed. Support around the $2.72–$2.75 region proved durable, with price bouncing off that range multiple times. As volume cools and consolidation tightens, SUI may enter a waiting period as traders reassess short-term direction following the failed breakout and unusually active session. Technical Analysis Highlights SUI traded in a 7.3% range between $2.919 and $2.710 during the 24-hour window. Heavy selling struck at 08:00 as the price dropped 9.1% from $2.878 to $2.765. A bounce attempt around 18:00 sent SUI up 1.5% to $2.824 on volume of 1.4M. The rally was immediately reversed, with the price falling to $2.784 and confirming resistance near $2.82. Support held near $2.72–$2.75 despite multiple tests and consolidation throughout the session. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
If You Invested $10K In Sun Communities Stock 10 Years Ago, How Much Would You Have Now?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Sun Communities Inc. (NYSE:SUI) is a real estate investment trust, which acquires, operates, and develops manufactured housing and outdoor vacation properties. The company's stock traded at approximately $62.23 per share 10 years ago. If you had invested $10,000, you could have bought roughly 161 shares. Currently, shares trade at $125.42, meaning your investment's value could have grown to $20,154 from stock price appreciation alone. However, Sun Communities also paid dividends during these 10 years. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Sun Communities' dividend yield is currently 3.32%. Over the last 10 years, it has paid about $37.18 in dividends per share, which means you could have made $5,975 from dividends alone. Summing up $20,154 and $5,975, we end up with the final value of your investment, which is $26,129. This is how much you could have made if you had invested $10,000 in Sun Communities stock 10 years ago. This means a total return of 161.29%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 241.30%. Sun Communities has a consensus rating of "Outperform" and a price target of $140.36 based on the ratings of 14 analysts. The price target implies a nearly 12% potential upside from the current stock price. Trending: Invest Where It Hurts — And Help Millions Heal: On May 5, the company announced its Q1 2025 earnings, posting FFO of $1.26, compared to the consensus estimate of $1.14, and revenues of $470.20 million, compared to the consensus of $469.20 million, as reported by Benzinga. 'We recently marked a milestone for Sun, as we completed the sale of Safe Harbor as part of our long-term strategy to reduce leverage, increase financial and strategic flexibility and further simplify the business,' said CEO Gary A. Shiffman. 'With this transaction, we have repositioned the company's balance sheet and are laser focused on our core business and delivering reliable earnings growth." For its full-year 2025, the company expects core FFO per share in the range of $6.43 to $6.63. Check out this article by Benzinga for eight analysts' insights on Sun Communities. Given the expected upside potential, growth-focused investors may find Sun Communities stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 3.32% and consistent hikes. Sun Communities has raised its dividend consecutively for the last nine years. Read Next: , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Maximize saving for your retirement and cut down on taxes: . Image: Shutterstock This article If You Invested $10K In Sun Communities Stock 10 Years Ago, How Much Would You Have Now? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
SUI Is ‘On the Edge of a New Run Towards Highs,' Says Crypto Analyst Michaël Van De Poppe
SUI SUI traded at $3.1110 on Monday, rising 3.85% over the past 24 hours following a multi-hour uptrend that pushed the token through key resistance levels. The asset hit a session high of $3.1554 before settling just above $3.11, with strong volume supporting the breakout attempt. Michaël van de Poppe called SUI 'super interesting as an ecosystem' in a post on X earlier Monday, pointing to several major on-chain milestones. The stablecoin supply on the Sui network has grown from $400 million in January to nearly $1.2 billion. Meanwhile, total value locked (TVL) has reached $1.8 billion — ranking third among non-EVM chains. Wallet adoption is also accelerating, helped by the integration of Phantom and the launch of Slush, the rebranded SUI wallet. SuiLend, the protocol's lending platform, has seen its TVL surge 90% over the past month to more than $600 million. Van de Poppe noted that this growth, coupled with previous bullish chart behavior, may set the stage for a strong breakout if SUI can close above $3.30. He described that level as a key liquidity zone that could spark a move to new highs. The analysis period also showed strong buyer engagement, particularly around $3.12. Price briefly consolidated after the peak but continued to form higher intraday lows — suggesting continued momentum despite a modest cooldown from session highs. Technical Analysis Highlights During the analysis period, SUI traded between $2.9742 and $3.1554, marking a 6.09% intraday move. Price formed a consistent uptrend, breaking above $3.08 resistance with support establishing at $2.96–$2.97. Volume exceeded 12 million units between 01:00 and 07:00 GMT, confirming broad accumulation interest. At 13:56 GMT, SUI surged through the $3.12 level on a volume spike over 1 million units, initiating a breakout. Between 13:56 and 14:03 GMT, price action remained strong and formed a new support band around $3.12. Toward the end of the analysis window, SUI advanced from $3.09 to $3.13 in a 1.29% move, closing with bullish continuation patterns intact. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Business Insider
5 days ago
- Business
- Business Insider
Jackson.io's "The Sharkz Night" Attracts Over 800 NFT Holders, with OKX Airdrop
the decentralized gaming protocol built on the SUI blockchain, made waves during Philippine Blockchain Week on June 10-11 with its headline after-party event, 'The Sharkz Night.' Held on the evening of June 11, the Sharkz-themed gathering drew over 800 participants—far surpassing the original limit of 500 Sharkz NFT holders—marking it as one of the largest unofficial offline events in the SUI NFT ecosystem to date. 800 Sharkz NFT Holders in Attendance Held at XYLO at the Palace, Manila's one of the most iconic nightclubs, the lively atmosphere brought together not only Sharkz community members but also local blockchain influencers and KOLs, elevating the event's energy and reach. Launched just three months ago, the Jackson Sharkz NFT community has quickly gained traction in the Sui ecosystem. This successful gathering brought together holders from around the world and injected new vitality into the Sui NFT space. The event featured an interactive experience presented by OKX Wallet, which attracted a large number of participants to engage and explore. As the event approached its conclusion, the organizer announced that OKX would distribute a special airdrop. Following this announcement, event staff handed out OKX Giveaway cards to each attendee, each printed with a scannable QR code. Sharkz NFT holders simply needed to scan the QR code using the OKX app to claim a $5 USDT airdrop, which was directly credited to their OKX wallet accounts. The announcement was met with an enthusiastic response, creating an electrifying atmosphere filled with cheers and excitement, marking the climax of the evening's event. Adding to the significance of the occasion, the entire OKX Philippine Team, along with some SEA OKX Leaders, participated and celebrated with the Sharkz NFT holders, making the event even more special. Announces Future Plans During the event, shared major updates, including: Round 3 of the Points Competition launches on June 16 A car giveaway event is scheduled in the Philippines in Q4 A goal to surpass $100 million in total trading volume by the end of the year Over the two-day Philippine Blockchain Week, the booth drew thousands of visitors and hosted live Sharkz NFT raffles, generating buzz and widespread attention. Committed to Growing the Sui Ecosystem Since its inception, has been dedicated to advancing the SUI ecosystem. The team expresses sincere gratitude to every Sharkz community member for their ongoing support. will continue to organize offline events in Japan, Korea, Taiwan, Hong Kong, and more, building stronger bonds with Sharkz holders around the world. is a decentralized gaming protocol built on the SUI blockchain, aiming to create a player-driven Web3 gaming ecosystem. Through a points system, NFT integration, and transparent on-chain gameplay, offers a highly engaging and innovative blockchain gaming experience. Contact Marketing Manager Jayden Smith
Yahoo
14-06-2025
- Business
- Yahoo
SUI Drops 10% to $3.02, but Is a Turnaround Forming After Buyers Step In Near $3?
Sui (SUI) SUI dropped 9.64% to $3.0211 on June 13, extending a steep overnight correction that saw the token fall from $3.34 to an intraday low of $2.9556. The breakdown at $3.20 — a previously firm support zone—unleashed heavy sell pressure and marked a turning point in short-term sentiment, with over 50 million tokens traded during the selloff. After briefly breaching the $3.00 level, SUI found support around $2.997, where buyer interest began to surface. Price has since recovered into a narrow $3.00–$3.05 consolidation band, though momentum remains fragile. Lower highs continue to form, suggesting that sellers are still in control unless bulls can reclaim levels above $3.05 with conviction. The sharp move follows a wave of broader crypto weakness and a brief spike in BTC prices tied to U.S. inflation data earlier this week. While the macro backdrop remains uncertain, SUI's price behavior appears primarily technical: the $3.20 breakdown triggered cascading stop-losses and panic selling, while psychological support near $3.00 has temporarily stemmed the decline. Volume patterns suggest cautious accumulation, with a notable spike at 14:00 UTC when over 1.2 million tokens changed hands. However, unless buyers can reclaim key resistance levels, the current bounce may prove short-lived. A confirmed close above $3.05 would be the first step toward invalidating the current downtrend. Technical Analysis Highlights UI dropped from $3.343 to $2.9556 in 24 hours, a 12.9% decline before partial recovery. Sell pressure intensified after the $3.20 breakdown at 00:00 UTC, with 50M+ tokens traded. Price has stabilized in a $3.00–$3.05 consolidation band. A minor recovery lifted price from $2.997 to $3.017 in the most recent hour. Volume at 14:00 UTC topped 1.2M, signaling short-term accumulation near support. Resistance sits at $3.05; support remains firm at $2.94. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
