SUI Token Surges 8.61% on Binance Amid DeFi Growth, Bullish Reports, and $1.9B TVL Milestone

SUIUSDT experienced an 8.61% price increase in the past 24 hours, currently trading at 3.4906 on Binance, with the 24-hour open at 3.2140. The surge is attributed to strong bullish momentum driven by technical factors, including the breakout above the $3.15 resistance, a high long-to-short ratio of 1.6:1, and an RSI of 73 indicating overbought conditions. Positive sentiment was further supported by a bullish Grayscale report highlighting Sui's technology and leadership, as well as recent DeFi ecosystem developments such as the launch of the xBTC liquidity pool by NAVI Protocol and the integration of tBTC by Threshold Network. Sui's Total Value Locked reached $1.9 billion, with over 70 DeFi applications now live. Trading volume saw a significant increase, reflecting heightened market interest, and SUI is currently ranked among the top 15 cryptocurrencies by market capitalization. Investors are monitoring an upcoming token unlock on August 3, 2025, which could introduce additional volatility.