$SUI HITS $5.34, BECOMING THE 12TH LARGEST CRYPTO WITH A $15.98B MARKET CAP!
SUI has made a remarkable start to 2025, hitting $5.34 and becoming the 12th largest cryptocurrency with a market capitalization of $15.98 billion.
This surge in value represents a significant increase of over 1312% since its lowest price level in 2023 and a 25% gain in the last seven days.
Several factors have contributed to SUI's price rally, including the recent network token unlocking event, which released 82 million SUI tokens, about 0.82% of the cumulative token supply.
Additionally, heightened demand and collaborations with major firms have helped drive up the token's price.
Some notable partnerships include Sui's collaboration with Ant Digital Technologies to accelerate the adoption of real-world assets in Web3, as well as its work with Wall Street companies VanEck, Grayscale, and Franklin Templeton. These partnerships have not only boosted investor confidence in the L1 blockchain but have also contributed to the network's growing ecosystem.
Here are some key statistics highlighting SUI's recent performance:
Market Capitalization: $15.98 billion
24-hour Trading Volume: $2.6 billion
Price: $5.34, with an 8% uptick in the last 24 hours
Open Interest: $1.22 billion, with a 37% growth
Total Value Locked: $2.039 billion
