SUI Token Surges 2.83% as DeFi Growth, ETF Speculation, and On-Chain Metrics Drive Momentum

SUIUSDT has experienced a 2.83% price increase over the past 24 hours, with the current price at 3.0708 USDT (Binance data). This positive movement is primarily attributed to renewed institutional interest driven by speculation around a potential Nasdaq-listed ETF, strong DeFi ecosystem growth, and SUI’s ongoing dominance in DEX volume and total-value-locked metrics. Additional support comes from robust on-chain activity, including a stablecoin market cap of $1.13 billion and a significant rise in wallet addresses from 124.3 million to over 208.8 million since April 2025. Trading volume remains high, reflecting active market participation and short-term bullish sentiment. SUI is currently ranked #12 by market capitalization, with a live market cap exceeding $10.2 billion, and continues to show resilience near key support levels amid broader crypto market volatility.