SUI Surges Over 20% as Market Cap Hits $13B and Trading Volume Doubles Amid Ecosystem Growth

SUI has experienced strong market performance in the past 24 hours, with its price rising between 17.31% and 21.61% to a range of $3.98–$4.05, and its market capitalization reaching approximately $13 billion. Trading volume surged to $2.76–$3.14 billion, up over 100% from the previous day, positioning SUI as the 11th largest cryptocurrency by market cap.

The recent price increase and heightened trading activity are attributed to several key factors. Technical indicators, including a bullish RSI and MACD crossover, signal strong upward momentum following a correction period. Positive sentiment generated by the SUI Basecamp 2025 event and increased participation in ecosystem activities such as staking, Learn & Earn programs, and airdrop events have contributed to renewed investor interest. Additionally, the total value locked in Sui’s decentralized applications rose 8% week-over-week to $620 million, reflecting growing ecosystem usage. Broader market gains, particularly Bitcoin’s rally after the FOMC announcement, have also supported SUI’s bullish trend. Some analysts have cited these developments as indicators of a potential long-term growth cycle for SUI.