SUI Surges to $3.55 as Institutional Adoption Fuels Bullish Momentum
SUI is trading at $3.55 with a 1.42% daily gain, supported by strong institutional confidence and technical indicators pointing to further upside potential. The rally comes after sui Group Holdings' strategic shift to a Sui-focused treasury, now valued at $344 million—highlighting traditional finance's growing acceptance of blockchain assets.
Market momentum reflects a broader sentiment shift. The Relative Strength Index at 53.17 indicates neutral territory, while the MACD histogram shows bullish signals. Grayscale's newly launched SUI Trust adds institutional weight, echoing September's 20 million token accumulation by SUI Group.