SUI Surges as Network Reaches 10 Billion Transactions and Attracts Institutional Interest

Sui Network has experienced significant growth, recently surpassing 10 billion total transactions and attracting increased institutional interest alongside new strategic partnerships. In the past 24 hours, the SUI token has demonstrated strong performance, with its price ranging from $3.85 to $4.00 and a 24-hour increase between 8% and 17%, despite broader negative trends in the cryptocurrency market. Market capitalization is reported between $12.99 billion and $13.36 billion, with trading volumes exceeding $2.4 billion and a circulating supply of approximately 3.33–3.34 billion SUI.

The recent price surge is attributed to heightened network activity, as evidenced by the transaction milestone, as well as positive sentiment driven by institutional engagement and new partnerships. Technical indicators, including bullish MACD, EMA, and SMA crossovers, support the current uptrend. The token remains about 36% below its all-time high but is significantly above its all-time low, reflecting sustained investor interest and strong market momentum. The overall sentiment is bullish, with the Fear & Greed Index at 65 and nearly half the past 30 days closing in positive territory.