SUI Token Surges 4.33% as TVL Hits $2.2B and Nasdaq Files for Spot ETF

SUIUSDT has experienced a 4.33% price increase in the last 24 hours, with the current price at 4.0099 USDT according to Binance. This upward movement is primarily attributed to a surge in ecosystem activity, as evidenced by Sui's total value locked reaching $2.2 billion and transaction fees over the past week doubling those of Ethereum. Additional drivers include a significant rise in market capitalization, strong trading volumes (over 101 million SUI traded on Binance in 24 hours), and growing institutional interest, highlighted by Nasdaq’s 19b-4 filing for a spot SUI ETF and the integration of $500 million in Bitcoin-backed liquidity via tBTC. Technical indicators and derivatives market data also reflect bullish sentiment, supporting the recent price rally.

SUI currently trades between $3.81 and $4.11, with a market cap estimated at $13.7–$14 billion and a robust 24-hour trading volume exceeding $398 million on Binance and $2.9 billion across all exchanges, positioning SUI among the top-performing cryptocurrencies in recent days.