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A major player just moved 950K $SUI (valued at roughly $1.3M) into $stSUI and immediately supplied it to a leading DeFi lending protocol to capture yield. With the $stSUI Supply APR holding steady above 7%, it's an attractive play for capital looking to work in the ecosystem.
What's notable? This whale now controls more than 30% of the total $stSUI supply pool on the platform. That's serious concentration—when one address commands that much of a liquidity pool, it can significantly influence yields and market dynamics for everyone else staking there.
The move signals confidence in sustained yield opportunities within the $SUI ecosystem, especially as staking mechanisms mature and DeFi infrastructure continues to deepen.