Chicago Mercantile Exchange (CME) Group announced Tuesday that it will launch futures contracts tied to Avalanche (AVAX) and Sui (SUI) in May, expanding its offerings beyond Bitcoin (BTC), Ethereum (ETH) and a growing list of Layer-1 assets.
Sui (SUI) price trades around $0.94 at press time on Tuesday, holding steady after a 7% surge the previous day. The rebound aligns with renewed interest from large wallet investors, commonly referred to as whales, and on-chain demand.
Sui (SUI) declines by 3% at press time on Tuesday, extending the downside breakout of a short-consolidation range confirmed the previous day. Retail sentiment is bearish, as evidenced by increased long liquidations and a sharp drop in the funding rate.