The latest crypto selloff has been unforgiving. Bitcoin’s drop toward $74,600 over the weekend wiped out leveraged positions and sent shockwaves through major altcoins to buy.
Total market capitalization fell by nearly $290 billion, and sentiment slipped deeper into “extreme fear.” In that environment, mid-cap tokens tied closely to market momentum have struggled to hold key levels.
SUI is one of them. The token is now hovering near $1.11, pressured by a combination of broad risk-off sentiment, fresh supply entering the market, and a technical breakdown.
At the same time, capital is moving in a different direction elsewhere. Digitap ($TAP), an omnibank platform blending crypto and fiat and still in crypto presale, has continued to climb and is now up 273% from its starting price, standing out amid market pullbacks.
That divergence says more about structure than sentiment.
SUI’s decline followed the wider market lower. As Bitcoin sold off, capital rotated out of higher-beta Layer 1 tokens first, and SUI closely tracked that move. The Fear & Greed Index dropped to 17, reflecting the lack of risk appetite.
Selling pressure intensified after a token unlock on February 1, when 55.54 million SUI tokens, worth roughly $65 million, entered circulation.
The unlock increased supply by just over 1.1%, which may not sound large, but in weak market conditions, even modest dilution can push prices lower. Traders often front-run these events, adding to downside momentum.
From a technical perspective, SUI has lost its late-January support range and is now testing $1.11, with the RSI below 27. While oversold conditions can lead to short-term bounces, momentum indicators remain bearish.
A break below this level would put the next support near $1.06 in focus. Any meaningful recovery is likely to depend on Bitcoin stabilizing above $80,000 and the market absorbing the newly unlocked supply.
Digitap is a crypto banking platform built around everyday financial activity. The goal is to allow users to move money globally with the speed of crypto and the familiarity of traditional banking. The platform is already live.
Digitap offers global personal and business accounts, crypto wallets, and a single interface to manage deposits, withdrawals, transfers, and exchanges across fiat and crypto.
Users can issue virtual and physical Visa cards, including custom designs, with support for Apple Pay and Google Pay, all linked to both fiat and crypto balances.
Major Digitap use case, payment, is very flexible. Users can pay or get paid via cards, bank transfers, QR codes, crypto invoices, or automatic currency swaps.
Internal transfers use DigiTag usernames, allowing instant, fee-free payments between users. For freelancers and small businesses handling cross-border flows, that kind of simplicity matters.
With the product in place, attention has shifted to Digitap’s presale. The $TAP token launched at $0.0125 and is now priced at $0.0467, putting early participants up roughly 273%. The next price increase to $0.0478 is scheduled in 5 days, and stages have continued to sell through.
So far, Digitap has raised over $5 million, with 214 million tokens sold, and the presale is still moving through scheduled price increases.
With a confirmed launch price of $0.14, the gap between current levels and the listing price is still meaningful but narrows with each new stage. As prices step up every few days before launch, earlier entries lock in a wider potential return, making timing increasingly important as the presale progresses.
This structure is one reason some investors see Digitap as one of the best crypto presale opportunities tied to payments and banking.
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Importantly, $TAP is an inflationary token and is tied directly to platform performance. The total supply is capped at 2 billion tokens, with no buy-sell taxes. 50% of platform profits are used to buy back tokens. Half are permanently burned, reducing supply over time.
The remaining 50% is distributed to stakers as rewards. Staking yields reach up to 124% APR during the presale and up to 100% APR after launch, funded from a fixed pool rather than inflation. Early exit penalties burn unclaimed rewards, reinforcing scarcity.
The contrast between $1.11 SUI and a 273% move in $TAP highlights how capital behaves during periods of stress. Panic selling doesn’t always mean money leaves crypto entirely. Often, it moves toward projects where timing and structure look more favorable.
SUI’s weakness reflects market pressure and added supply. Digitap’s strength reflects early adoption, defined pricing, and a focus on everyday financial use. For investors weighing the best crypto to buy as volatility persists, that difference is becoming harder to overlook.
Digitap is Live NOW. Learn more about their project here:
Presale https://presale.digitap.app
Website: https://digitap.app
Social: https://linktr.ee/digitap.app
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