SUI Token Jumps 2.42% as Lion Group Allocates $600M, Trading Volume Surges Past $1.37B

SUIUSDT’s price increased by 2.42% over the last 24 hours, currently trading at 2.6949 according to Binance. The primary driver of this price movement was the announcement that Nasdaq-listed Lion Group is adding SUI to its digital asset treasury as part of a $600 million facility, which triggered a rebound from recent lows and boosted trading activity. This institutional interest, combined with ongoing strategic partnerships and ecosystem growth, contributed to a surge in trading volume and short-term price recovery, despite broader bearish sentiment and forecasts of potential further declines. SUI’s market capitalization stands at approximately $8.06 billion, with 24-hour trading volume exceeding $1.37 billion, reflecting heightened volatility and cautious market outlook.