SUI Token Surges 11.8% on Binance as DeFi Growth and Mysticeti Protocol Boost Momentum

SUIUSDT experienced a notable price increase of 11.80% over the past 24 hours, rising from a 24h open of $2.4897 to a current price of $2.7836 on Binance. This upward movement follows heightened trading activity, with 24-hour volume surging to $1.42 billion, likely driven by renewed investor interest after recent volatility and the aftermath of a major token unlock event on June 1. The rebound is also supported by strong fundamentals in the Sui ecosystem, including continued growth in DeFi activity, record stablecoin volumes, and recent technical advancements such as the Mysticeti consensus protocol. Market sentiment remains neutral, but the price recovery suggests traders are responding positively to Sui’s ecosystem developments and resilience following recent challenges.