SUP's
↗11.42%
daily gain over the past 24 hours and roughly
↗169.77%
volume surge are outpacing Layer 2 peers.
Multiple signals converging
The asset is showing strength across price action, trading activity, and liquidation patterns, with short positions facing pressure while volume intensifies and relative performance leads its category.
Outperforming Layer 2 peers
SUP outpaced Layer 2 category peers by approximately
↗12.39%
over the past week, with market value climbing roughly
↗7.54%
over the past 24 hours as trading interest builds.
Short positions under pressure
Short positions faced approximately $37M in liquidations over the past day, part of roughly $125M in total liquidations compared to approximately $88M for long positions over the same period despite roughly 1.19x more sellers than buyers.
Ownership widely distributed
With over 50,000 holders and the top 10 addresses controlling just 0.7% of supply, ownership remains spread across a wide holder base rather than concentrated among a few large investors.