SUI’s price increased by 23% in a single day. This major surge in the price was observed in just a few hours on April 25th. This has certainly put investors on a positive edge. The positive rebound began back on April 21st. Since then, the token has grown by 73% in just a few days.
Cointelegraph data indicates that SUI rose from a low of $2.11 to a high of $3.71. This occurred over about a week. This price increase is attributed to increased investor interest following the launch of the Grayscale SUI Trust, as well as SUI’s strategic partnership.
This meteoric rise in SUI’s pricing has certainly caught the attention of investors. One investor, using the pseudonym Kyledoops, suggests that “SUI is officially out of stealth mode.” The analyst further stated, “Grayscale just launched a trust, social chatter is exploding, and it’s [SUI] now sitting above AVAX and LINK in market cap… This isn’t just retail hype—Wall Street is stepping into the SUI zone. Momentum feels different this time. It’s real. And it’s accelerating.”
Apart from its meteoric price rise, SUI is also noteworthy due to its position as one of the top 10 Layer-1 blockchains. The blockchain has a total locked value close to $1.65 billion. Somehow, the rate has also increased by 40%.
As a result, institutional investors are suggesting that SUI is the next big hedge fund. Therefore, there is a high chance that the token might be on a meteoric rise.
