⏰⏰⏰⏰SUI boosted ⏰⏰⏰
by ETF talk and a growing DeFi sector
SUI rallied to a one-month high, after expanding by 60% in the past week. The L1 platform traded as an undervalued asset, before getting a boost from ETF filings and expanding DeFi lending.
SUI broke out from its recent lows to trade at a one-month high. The token added 60% in the past week alone, reaching $3.39 with rapid expansion. SUI achieved an all-time high above $5.30 in January, a level not too far off. This sparked speculations SUI could extend its gains for new all-time highs 🌦🌦🌦🌧🌧above $7. 🌧🌧🌧🌧🌧
The biggest boost for SUI comes from the series of ETF applications currently under review. Canary Capital is one of the applicants, but more exposure came from 21Shares, the newly formed entity aiming to build a BTC and crypto treasury.
VanEck and Grayscale already launched SUI-based products as a test for wider adoption. Grayscale’s SUI Trust launched just a day ago, adding to the project’s exposure and the token rally .
Grayscale Sui Trust is open to eligible accredited investors seeking exposure to $SUI, a third-generation blockchain designed to help address scalability and transaction costs.
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