Google Cloud Couldn't Lift SUI: Why 40.6M Interactions Per Second Haven't Moved the Price

SUI’s 40.6 million-transactions-per-second headline did not translate into an immediate price rally. Sui reported 40,614,180 TPS on October 7 through Sui Tunnels, programmable off-chain channels that settle to mainnet when closed, rather than through ordinary base-layer transaction processing. The distinction matters when assessing whether the result should create direct demand for the token. After closing near $1.1782 on October 7, SUI fell to about $1.1316 on October 8, according to Investing.com historical data . At 03:35 UTC, Coinotag placed spot at $1.1441, leaving the market between nearby support and resistance after the announcement failed to overcome selling pressure.

Source: Crypto Daily