SUI has surged 38% in January, outperforming Bitcoin and Ether, with a notable 14% increase in just 24 hours. The token’s price rose above $1.90, its highest since mid-November, driven by strong market momentum and institutional interest. Despite a 43.69 million token unlock on January 1, valued at approximately $65 million, SUI maintained its upward trajectory, indicating robust market strength.
Trading volume for SUI soared 91% in 24 hours, reaching $1.7 billion, as both retail and institutional investors showed increased interest. Mysten Labs’ recent research on blockchain privacy features has further bolstered confidence in SUI’s long-term potential. Institutional demand is growing, with Bitwise and Canary Capital filing for spot SUI ETFs, suggesting a bullish outlook for the token’s future.
