- SUI surged nearly 15% in a week, fueled by Lion Group’s $600M treasury plan that includes major Sui token purchases.
- A strong bullish breakout and support at $2.87 signal sustained momentum, with the token trading around $3.
- Developer growth on Sui’s Layer-1 network is up 54%, positioning it as a serious Solana competitor in the L1 race.
Sui (SUI) is making headlines after a strong week-long rally that’s pushed the token price to around $3, up nearly 15% over the past 7 days. The momentum kicked off on June 26 following Lion Group Holding Ltd.’s announcement of a $600 million crypto treasury plan—which includes a significant allocation to SUI. The move sparked renewed interest in the Layer-1 project, helping it outperform both market peers and broader indices.
Technical Breakout and Support at $2.87
According to CoinDesk Research, SUI broke out with solid technical backing in the last 24 hours. The token established a new support level at $2.87 early Thursday before sharply rising on high volume. It’s up about 4% in the past day alone and shows signs of sustained momentum. The clean breakout, combined with heavy buying pressure, suggests bullish sentiment is firmly in place.
Sui’s Rising Developer Ecosystem
What’s giving Sui a leg up beyond price movement is its growing development community. Despite ecosystem stagnation in much of the crypto space, Sui has recorded a 54% increase in active developers over the past two years. That kind of growth puts it in direct competition with Solana, its primary Layer-1 rival. While Solana dominates on liquidity and TVL, Sui is quietly building a stronger foundation through infrastructure and dev engagement.
Outpacing the Market
SUI’s recent performance is beating the overall crypto market, including the CoinDesk 20 Index, which rose just 5% in the same period. The market is beginning to see Sui not just as a speculative token, but as a legitimate Ethereum-alternative backed by robust fundamentals and serious treasury interest from institutional players.
