The recent surge of $SUI has been quite significant, and here are a few reasons why:
1. The mainnet version v2.3 is about to go live, with the market already starting to speculate, stating it will launch at 3 AM the next day.
2. The community is buzzing with rumors that Aave will be entering SUI, which was officially confirmed on the 24th.
3. On-chain data shows that a giant whale bought 5 million SUI in advance.
4. BTC has stabilized at 90,000 USD, causing the public chain sector to rise as well.
5. The amount of SUI locked in has increased by 3 million coins in just one day, with annualized returns rising to 9%.
In the past few days, SUI has indeed been performing strongly; from the K-line, it shows an overall upward trend with obvious capital inflow.
In the short term, it feels like there are major players controlling the market to maintain stability, with solid bottom support. A few dips have quickly been pulled back, indicating strong buying interest.
Such trends generally attract more short-term capital to follow in. If BTC doesn't have significant fluctuations afterwards, SUI may experience a relatively independent upward trend.
Moreover, Sui has also been quite active in ecological construction recently, promoting both DeFi and GameFi, which provides fundamental support.
Recently, the focus has mainly been on internal sharing, so friends I just met should pay more attention.
