SUI Surges 13% Driven by Basecamp 2025 Event and Token Unlock

Sui (SUI) has experienced a strong bullish breakout in the last 24 hours, with its price rising approximately 13% to the $3.76–$3.80 range and trading volume surging by nearly 50% to over $2.1 billion. This positive momentum is supported by robust technical indicators and heightened investor interest.

The recent price increase and uptrend are primarily attributed to the SUI Basecamp 2025 event, which generated significant positive sentiment and renewed confidence in the SUI ecosystem. Technical factors such as a bullish RSI reading of 68 and a MACD bullish crossover further confirm the upward trend. Additionally, a major token unlock event added over 88 million SUI tokens to circulation, contributing to increased trading activity. The broader crypto market remains favorable, with Bitcoin stable above $62,000 and the Crypto Fear & Greed Index at 72, reflecting strong risk appetite and a supportive environment for altcoins like SUI. Overall, SUI’s recent performance is driven by a combination of event-driven enthusiasm, technical strength, and positive market conditions.