SUI Surges 8.88% to $4.09, Hits $2.03B TVL and Climbs to 11th Largest Crypto

Sui (SUI) has demonstrated robust performance as of May 22, 2025, with its price rising to approximately $4.05–$4.09, a daily increase of up to 8.88%. The token's total value locked reached $2.03 billion in May, supported by notable institutional inflows of $21 million, surpassing those of XRP for the same period.

Over the past 24 hours, SUI's trading volume surged to between $1.87 billion and $2.06 billion, marking a 67.62% increase and reflecting heightened market activity. The market capitalization climbed to $13.9 billion, positioning SUI as the 11th largest cryptocurrency by market cap. The recent price appreciation is attributed to sustained bullish momentum following a breakout from a multi-month descending channel in April, with SUI consolidating within an ascending channel and maintaining higher lows. Technical factors, including strong support at the $3.50 level and continued institutional interest, have contributed to the positive price movement and increased trading activity. However, traders are closely monitoring key resistance and support levels to assess the sustainability of the current trend.