SUI Token Surges 11.7% to $3.48 on Binance Amid $500M BTC Liquidity Boost and Ecosystem Growth

SUIUSDT has experienced a notable 11.7% price increase over the past 24 hours, reaching $3.4814 on Binance. This surge is primarily attributed to several recent developments: the integration of Threshold Network's tBTC, which increased Bitcoin liquidity on Sui by over $500 million; the launch of high-frequency trading capabilities by Bluefin, attracting institutional interest; and ongoing ecosystem growth, including a significant rise in total value locked and active wallets. Additional contributing factors include the release of 44 million SUI tokens on July 1 and anticipation of another token unlock on August 3, as well as increased engagement from promotional campaigns such as Binance's #BinanceTurns8 and the DeAgentAI 'Predict2Win: SUI Season' competition.

In the past 24 hours, SUI has traded between $3.01 and $3.43, with a 24-hour trading volume of approximately $1.98 billion—up over 100%—and a market capitalization of around $12 billion, positioning SUI as one of the top 15 cryptocurrencies by market cap. The SUI/USDT pair on Binance remains the most active, reflecting strong market interest and momentum.