SUI Token Surges 3.79% as $119M Unlock, DeFi Growth, and New Partnerships Drive Momentum

SUIUSDT has experienced a 3.79% price increase in the past 24 hours, trading at $2.8297 on Binance, with a 24-hour opening price of $2.7264. This positive movement is attributed to renewed bullish sentiment following a recent rebound from a multi-week downtrend, ongoing strong ecosystem activity, and anticipation surrounding the upcoming token unlock event, which will release $119 million worth of SUI (about 1.16% of the circulating supply) next week. Additional support comes from recent strategic partnerships with major institutional players and continued growth in DeFi activity on the Sui blockchain, reinforcing investor confidence. SUI’s market capitalization stands near $9.61 billion, with a 24-hour trading volume between $582.89 million and $817.4 million, reflecting robust liquidity and sustained market interest.