SUI Token Jumps 15% to $3 as Lion Group Announces $600M Crypto Treasury Allocation
Sui's native token surged 15% over seven days to reach $3, following Lion Group Holding Ltd.'s June 26 announcement of a $600 million crypto treasury allocation. Trading volume spiked 141% as the token broke through key resistance with an inverse head-and-shoulders pattern.
The network shows strong fundamentals with 54% developer growth over two years—now leading blockchain ecosystems in developer retention. Suilend and NAVI protocols dominate Sui's DeFi landscape, with $539.1 million and $527.5 million in TVL respectively.
Market analysts note the breakout above $3 confirms bullish momentum, with early Thursday support holding at $2.87. The rally highlights growing institutional interest in layer-1 alternatives with proven ecosystem traction.
