ENS, SUI, MEME Rally Unfazed as $230M Liquidated in 24 Hours

• Memecoin gains 10.80% in 24 hours, recording a 7-day high.
• ENS soars 138% in four weeks, hitting a 52-week high at $24.78.
• SUI Protocol surges to an 8-month high, recording over $265 million TVL.

The cryptocurrency market has witnessed a remarkable resurgence, with major digital currencies like Bitcoin experiencing a notable increase in value. Despite liquidations totalling over $230 million in the past 24 hours, including $43.2 million in Bitcoin long positions, the overall market sentiment remains buoyant. This uptick comes after the launch of a series of spot Bitcoin ETFs in the United States, which have seen trading volumes exceed $4.5 billion on their first day.

Ethereum Name Services (ENS)

Ethereum Name Services (ENS) has recently shown a significant recovery. After ranging between $8 and $9.32, ENS broke out and rallied. However, this increase was met with resistance at $10.91, leading to further sideways movement.

ENS/USD 24-hour price chart (source: CoinStats)

The altcoin has since seen a 138% jump in its price, reflecting a bullish sentiment in the market in the last month. Recently, Vitalik Buterin emphasized the need for ENS to be avai…

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