SUI Token Surges 15.78% as DeFi Growth and Key Partnerships Drive Trading Volume to New Highs

SUIUSDT experienced a 15.78% price increase over the past 24 hours, rising from 2.5051 to 2.9004 on Binance, with trading volume surging significantly. The primary driver of this upward movement appears to be renewed investor interest following the SUI team's public warning against unauthorized OTC deals after a major scam, as well as positive developments in the SUI DeFi ecosystem, including new collaborations with Wormhole and OKX Wallet and a $400 million increase in total value locked. Despite recent volatility and a bearish sentiment earlier in the week, the sharp price rebound is supported by strong trading activity and growing ecosystem fundamentals, with SUI currently trading at 2.9004 and maintaining high engagement among traders.