SUI Token Surges 2.9% as Lion Group’s $600M Acquisition Sparks 125% Jump in Trading Volume

SUIUSDT experienced a 2.90% price increase over the last 24 hours, reaching 2.7340 on Binance, with the move largely attributed to renewed institutional interest following Lion Group Holding Ltd.'s announcement of significant SUI token acquisitions as part of its $600 million crypto treasury strategy. This development, alongside SUI’s ecosystem milestones such as record total value locked and increased decentralized exchange trading volume, has contributed to heightened market activity and a sharp rise in trading volume, which surged by over 125%. Despite recent volatility and a generally bearish sentiment, SUI maintains strong liquidity and investor engagement, supported by ongoing ecosystem growth and major industry partnerships. Current market data shows SUI trading between $2.29 and $2.73, with a market cap ranging from $8.06 billion to $11.18 billion and a circulating supply of approximately 3.1 to 3.4 billion tokens.