Measured by Clometrix
Sui's volatility ratio was 2.52x, against 1.24x for a typical Initial Claims release since 2021. Its volume ratio was 1.75x, against a typical 1.52x. That is more than twice what this release usually does. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.
How Sui moved
Sui was at $0.8193 when the figure came out. Fifteen minutes later it was 1.14% lower, and an hour later 0.51% lower. Its high-to-low range in the hour after was 2.14% of its price, against 1.86% in the hour before.
The release
Released by the Department of Labor on 5 September 2024 at 8:30 AM EDT. Initial Jobless Claims fell to 228K for the week ending 31st Aug, from 232K in the week ending 24th Aug.
It arrived at the same moment as Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
What made it matter
Since 2021, Initial Claims releases in the two weeks before a Fed decision have moved Sui more than those at other times: a median volatility ratio of 1.33x across 56, against 1.09x across 127. This one came out 13 days before the Federal Reserve's 18 September rate decision. Its own ratio of 2.52x compares with 1.33x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 183 Initial Claims releases since 2021, Sui's median volatility ratio is 1.24x.
How it compares
Across 183 Initial Claims releases since 2021, Sui's usual price swing is 1.24x. This one was 2.04 times the usual.
Thin line: Initial Claims's usual, 1.24x. Thick line: this release, 2.52x.
Minute by minute
Each row is the time after the release, with the same length of time before it for comparison.
| After | High | Low | Close | Change | Range | Range before | Volume |
|---|---|---|---|---|---|---|---|
| 1 minute | 0.8255 | 0.8189 | 0.8221 | 0.34% | 0.80% | 0.33% | 153,960 SUI |
| 5 minutes | 0.8255 | 0.8167 | 0.8175 | -0.22% | 1.07% | 0.66% | 299,722 SUI |
| 10 minutes | 0.8255 | 0.809 | 0.8118 | -0.92% | 2.00% | 0.66% | 673,820 SUI |
| 15 minutes | 0.8255 | 0.809 | 0.81 | -1.15% | 2.00% | 1.72% | 811,042 SUI |
| 30 minutes | 0.8255 | 0.808 | 0.8133 | -0.74% | 2.12% | 1.83% | 1.44M SUI |
| 1 hour | 0.8255 | 0.808 | 0.8151 | -0.52% | 2.12% | 1.83% | 2.682M SUI |
| 2 hours | 0.8264 | 0.808 | 0.8237 | 0.53% | 2.23% | 1.83% | 6.806M SUI |
| 4 hours | 0.8265 | 0.7864 | 0.7922 | -3.42% | 4.85% | 2.32% | 16.017M SUI |
| 6 hours | 0.8265 | 0.7834 | 0.7995 | -2.48% | 5.21% | 3.99% | 19.122M SUI |
| 8 hours | 0.833 | 0.7864 | 0.7922 | -4.78% | 5.59% | 5.22% | 25.11M SUI |
| 12 hours | 0.8265 | 0.78 | 0.8058 | -1.68% | 5.63% | 5.22% | 27.442M SUI |
Every coin at this release
| Coin | Price swing | Usual for Initial Claims | Reaction |
|---|---|---|---|
| Bitcoin | 1.93x | 1.50x | Ordinary |
| Ethereum | 1.86x | 1.46x | Ordinary |
| XRP | 1.55x | 1.18x | Strong |
| BNB | 1.84x | 1.42x | Ordinary |
| Solana | 2.78x | 1.38x | Exceptional |
| Dogecoin | 1.66x | 1.38x | Ordinary |
| TRON | 0.67x | 1.33x | Quiet |
| Cardano | 1.78x | 1.35x | Strong |
| Chainlink | 2.46x | 1.43x | Strong |
| Sui | 2.52x | 1.24x | Exceptional |
| Bitcoin Cash | 1.96x | 1.34x | Strong |
| Hedera | 2.48x | 1.32x | Strong |
| Avalanche | 2.09x | 1.42x | Strong |
| Litecoin | 2.20x | 1.39x | Strong |
| Gram | 1.32x | 1.02x | Quiet |
| Shiba Inu | 1.84x | 1.33x | Strong |
| Uniswap | 1.69x | 1.34x | Ordinary |
| Polkadot | 1.01x | 1.32x | Quiet |
| Aave | 1.38x | 1.38x | Quiet |
| Bittensor | 1.89x | 1.40x | Strong |
| NEAR Protocol | 2.45x | 1.24x | Strong |
| Aptos | 1.52x | 1.41x | Ordinary |
| Internet Computer | 2.49x | 1.45x | Strong |
| POL (prev. MATIC) | 2.10x | 1.40x | Strong |
| Filecoin | 1.50x | 1.27x | Ordinary |
What is Initial Jobless Claims?
The weekly claims report is released Thursdays at 8:30 a.m. ET by the U.S. Department of Labor (DOL). Initial claims are new jobless claims filed by U.S. workers seeking unemployment compensation, included in the unemployment insurance weekly claims report. The report, published since 1967, includes a separate count of workers receiving unemployment insurance benefits, known as continuing claims.Questions about this page
Is 2.52x a lot?
For an Initial Claims release it is exceptional: the usual is 1.24x. Each report has its own usual size, and its releases show it.
Will the next Initial Claims do the same?
Nobody can say. A forecast shows the range Sui moved in after past Initial Claims releases, so you can plan for the likely size of the move.
Disclaimer
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.