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SUI Soars to $4.17 Amid ETF Speculation, Notching 53% Weekly Gain
SUI Soars to $4.17 Amid ETF Speculation, Notching 53% Weekly Gain
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI's price jumped to $4.17, recording a 2.81% daily increase, as institutional interest grew following the SEC's evaluation of Canary Capital's spot ETF proposal. The token has surged 53% this week, approaching its all-time high, with an RSI of 66.12 signaling continued bullish momentum.
The possibility of SUI becoming the first major altcoin ETF outside of Bitcoin and ethereum has driven demand. Even though the SEC postponed 21Shares' competing proposal until September, the market has demonstrated strong resilience, maintaining support above the $4.00 level.
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