SUI Price Jumps amid Memecoin Hype

SUI has jumped 26% in the last 24 hours, fueled by a wave of memecoin hype on its network. On April 23, the token hit $2.90, marking a strong technical breakout that has caught the attention of traders and crypto enthusiasts.

Most of this new vigor comes from memecoins originating from SUI. Some tokens such as MUI, LOFI, and BLUB have surged significantly in the last one week. LOFI has increased by 143% in a week, and the price of BLUB has risen by 57%. Such increases have brought more traffic and transactions on the SUI network.

There is an increased on-chain activity, which shows that there is more going on in the community than just the price.  

$SUI #MarketRebound $MUI, $LOFI, and $BLUB