Sui Token Skyrockets 21% After Coinbase Greenlights New York Trading—Here’s Why It Matters

Sui's native token just ripped past resistance as Coinbase flips the switch for New York traders. The 21% surge signals pent-up demand—and maybe a little FOMO—as the last major US market gets access.

Why New York matters

The Empire State's notoriously rigid crypto regulations kept Sui sidelined until now. Coinbase's compliance team finally cracked the code—or greased the right palms—to unlock this liquidity floodgate.

Market mechanics at play

Watch for volatility as arb traders pounce on price discrepancies between global exchanges. The 'Coinbase effect' could push Sui toward its next ATH... assuming Wall Street's crypto tourists don't panic-sell at the first 5% dip.

Closing thought: Another day, another token pumping on exchange news rather than actual utility. But hey—at least the chart looks pretty.

TLDR

• Sui (SUI) is now available for New York residents to trade on Coinbase, marking the first time users in this regulated market can access the token
• The token jumped 21% in 24 hours to $1.61 following the Coinbase listing announcement
• Sui recently launched USDsui, a new fiat-backed stablecoin designed for payments and DeFi applications
• The network completed an $86.86 million token unlock on November 30, releasing 55.54 million tokens without triggering a price drop
• Technical indicators show potential resistance at $1.67 with support holding at $1.60, while analysts eye $1.80 to $2.30 as next targets

Sui (SUI) is trading at $1.61 after climbing 21% in the past 24 hours. The MOVE follows Coinbase’s announcement that New York residents can now buy, sell, and trade the token through its platform.

Coinbase Markets confirmed that SUI is available on Coinbase.com and both iOS and Android apps for users in New York. This marks the first time the token is accessible in one of the most regulated crypto markets in the United States.

Sui (SUI) is now available to New York residents on coinbase․com & in the Coinbase iOS & Android apps.

— Coinbase Markets(@CoinbaseMarkets) December 1, 2025

The listing comes as sui expands its ecosystem with new features. The network recently launched USDsui, a fiat-backed stablecoin built for real-world payments. The stablecoin includes yield-sharing capabilities and works across Sui wallets, apps, and DeFi protocols.

USDsui can bridge with other stablecoins on the network. The launch is designed to strengthen payment infrastructure on the SUI blockchain.

The network also completed a token unlock on November 30. The unlock released 55.54 million tokens worth $86.86 million into circulation. Despite the increase in supply, the price moved higher, showing continued demand for the token.

Technical Levels and Market Structure

The token fell from mid-October through late November, dropping to around $1.12. It recovered to $1.59 by the end of November before the latest push to $1.61.

The MACD indicator shows the momentum line approaching the signal line with a positive histogram. The RSI moved from below 30 to 34.89, indicating reduced selling pressure.

If this level holds, $SUI could quickly revisit $1.60. pic.twitter.com/CRRebZt8NC

— Ali (@ali_charts) December 2, 2025

Crypto analyst Ali pointed to $1.60 as a key support level. Holding this level could allow the token to target higher prices in the NEAR term. The next resistance sits at $1.67.

Breaking above $1.67 WOULD confirm the recent bounce. From there, analysts see potential movement toward $1.80 as the next level. Further upside targets range from $2.00 to $2.30 if momentum continues.

Supply and Demand Zones

Support on the downside sits at $1.58, with a stronger demand zone below that level. A drop under $1.48 would signal a potential local top and possible reversal.

Liquidity data shows clusters above the current price. Long liquidations around $1.40 to $1.50 may need to clear before another upward move.

$SUI has decent liquidity clusters to the upside.

There are some long liquidations too around the $1.4-$1.5 zone, which could be taken out.

Historically, December has been a bullish month for stocks, and BTC also pumps after Thanksgiving.

If that happens again, SUI could show… pic.twitter.com/9CA3taWbLD

— Ted (@TedPillows) November 30, 2025

Sui is a layer-1 blockchain focused on high-speed transactions and developer tools. The network competes with other smart contract platforms in the decentralized applications space.

The Coinbase listing gives New York users regulated access to SUI for the first time. Coinbase’s compliance with state regulations provides a secure trading environment for local investors.

Bitcoin’s recent price action is influencing SUI’s movement. December has historically been a positive month for crypto assets, which could support continued upside.

The token is trading near $1.61 with volume remaining elevated after the Coinbase announcement.