SUI Token Surges 6% as Institutional Inflows, ETF Filings, and DeFi Growth Drive Momentum

SUIUSDT experienced a notable price increase of approximately 6.08% over the past 24 hours, rising from a 24h open of $3.2014 to a current price of $3.3962 on Binance. This positive movement is primarily attributed to renewed institutional interest, as reflected by recent inflows into SUI investment products and the filing of SUI ETF applications, alongside strong ecosystem developments such as the Sui blockchain mainnet upgrade, the relaunch of the Cetus DEX, and significant growth in DeFi activity, particularly with Suilend’s 90% TVL increase. Despite recent volatility and a large token unlock, SUI maintains robust market metrics with a market capitalization near $11.5 billion, 24-hour trading volume approaching $952 million, and a current rank of #12 among cryptocurrencies, underscoring its resilient position in the market.