SUI Token Surges 14.5% as $500M BTC Liquidity, ETF Review, and Staking Drive Record Volume

SUIUSDT has experienced a significant 14.51% price increase in the past 24 hours, rising from 3.4294 to 3.9270, driven by a substantial surge in trading volume and several positive developments. Key factors contributing to this price movement include the integration of tBTC into Sui DeFi protocols, which added $500 million in BTC liquidity, a recent Grayscale report on SUI, and the launch of Binance’s Soft Staking promotion for SUI. Additional momentum comes from the unveiling of Cetus Pro Beta on the Sui network and Nasdaq’s SEC review for a 21Shares SUI ETF, both signaling growing institutional and ecosystem interest.

Currently, SUI trades at 3.9270 with a 24-hour trading volume exceeding $2.21 billion and a market capitalization of approximately $13.54 billion, outperforming both the broader crypto market and similar smart contract platforms over the past week.