SUI token of SUI Network has surged 26% over the past week, trading at 5.20 USD. This jump represents a significant increase of over 1,325% from its 2023 low of 0.3648 USD. With a market capitalization now over 15.6 billion USD, SUI ranks as the 13th largest cryptocurrency. This highlights its impressive growth trajectory.

Key partnerships with entities like VanEck and Grayscale have propelled SUI’s growth. The network’s DeFi sector now boasts a total value locked of 2 billion USD. Grayscale may convert its Trust into a spot SUI ETF if regulatory conditions improve. These developments enhance SUI’s position in the crypto market.

SUI’s price has reached an all-time HIGH of 5.35 USD, driven by robust technical indicators. The rising support and resistance levels, along with an RSI of 49, suggest the potential for continued upward momentum. These technical signs indicate that SUI could experience further growth in the near future.