SUI Token Surges 13.77% After Binance Soft Staking Launch and Grayscale Fund Inclusion

SUIUSDT has experienced a notable 13.77% price increase in the last 24 hours, with the current price at 3.8906 USDT on Binance. This surge is primarily attributed to heightened trading activity following Binance’s launch of Soft Staking for SUI, which allows users to earn rewards by holding SUI in spot wallets, and Grayscale’s inclusion of SUI in its Smart Contract Platform Ex-Ethereum Fund, where it now holds a 9.23% allocation. Additional momentum has been driven by strong community engagement, significant growth in trading volume (up over 135%), and positive sentiment from recent technical breakouts above key resistance levels, as well as increased liquidity from DeFi integrations.

SUI currently has a 24-hour trading volume of approximately $2.08 billion, a market capitalization of about $13.35 billion, and a circulating supply of 3.5 billion tokens. The asset has outperformed the broader market over the past week, reflecting robust demand and increased user participation.