SUI Token Rallies 2.35% as Lion Group Allocates Treasury Funds, Market Cap Nears $9.1B

SUIUSDT experienced a 2.35% price increase over the last 24 hours, rising from an open of 2.6292 to 2.6909 on Binance. This upward movement is primarily attributed to the announcement that Nasdaq-listed Lion Group is allocating part of its $600 million convertible facility to acquire SUI for its treasury, alongside SOL and HYPE. The news spurred renewed investor interest and contributed to SUI’s rebound from recent lows, counteracting bearish sentiment that followed its drop below key support at $3 earlier in the week. SUI currently trades with high liquidity and a market cap near $9.1 billion, ranking #13 among cryptocurrencies, with a 24-hour trading volume of approximately $987 million and a neutral market sentiment reflected by a Fear & Greed index of 47.