$SUI Network Hits 8 Million Token Holders: A Major Leap in Crypto Adoption
The SUI Network has achieved a major milestone, surpassing 8 million net new token holders, the highest among all blockchains. This surge highlights growing global adoption of the $SUI ecosystem, reflecting rising interest from both retail and institutional investors.
Strong On-Chain Growth and Market Buzz
The increase in wallet creation signals expanding on-chain activity and positive market momentum. On May 15, 2025, SUI was trading at approximately $1.85, with a 24-hour trading volume up 18% to $320 million, according to CoinGecko. This spike in volume reflects intensified investor interest following the news.
Bullish Signals for Traders
Data shows a 25% rise in active SUI wallets over the past week, pointing to organic user growth. On the technical side, $SUI broke above its 50-day moving average of $1.78, with a Relative Strength Index (RSI) of 62, suggesting room for further gains before hitting overbought levels.
Part of a Broader Layer-1 Surge
SUI’s rise aligns with gains in other layer-1 tokens like Solana (+5%) and Avalanche (+3.2%), indicating strong sector-wide momentum. Investors are increasingly eyeing scalable layer-1 solutions, positioning SUI as a key contender in this trend.
Looking Ahead
With solid growth in user adoption, increased on-chain activity, and a bullish technical outlook, SUI is becoming a focal point for crypto investors. While short-term volatility is possible, the fundamentals point to strong long-term potential—making SUI one to watch in the evolving layer-1 landscape.
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