SUI Token Surges 2.93% Amid Nasdaq ETF Speculation and DeFi Growth, Hits $10B Market Cap

SUIUSDT is currently trading at 2.9951 on Binance, reflecting a 2.93% increase over the past 24 hours from a 24h open of 2.9099. The recent price uptick can be attributed to renewed market interest following ongoing speculation about a potential Nasdaq-listed SUI ETF and strong DeFi growth on the SUI blockchain, which continues to attract institutional and retail attention. Despite recent price volatility and a brief dip below key technical support levels, the asset has rebounded as traders respond to positive developments in DeFi volume and ETF discussions, offsetting broader macroeconomic pressures and technical bearishness observed earlier in the week.

SUI maintains high liquidity with a 24-hour trading volume near $974 million and a market capitalization of approximately $10.06 billion, ranking it #12 among cryptocurrencies. Technical indicators show SUI consolidating near major support, with moderate volatility and an active trading environment as the market awaits further regulatory and ecosystem developments.