$SUI Today, **SUI** is experiencing a strong upward momentum, largely fueled by the recent launch of the **Grayscale SUI Trust** on September 12, 2024. This has led to a surge in demand, driving its price up by 13% in a single day, and a total gain of **27%** over the past week, with the token now trading around **$1.02**. The trust allows accredited investors to gain exposure to SUI, which is further strengthening institutional interest in the token【13†source】【14†source】.

SUI’s total value locked (TVL) on its blockchain has also seen substantial growth, more than doubling in the past month, reflecting increased user activity and confidence in its ecosystem. Various DeFi protocols like **Cetus** and **Navi Protocol** have contributed to this spike, pushing the network's TVL to over **$711 million**【15†source】【16†source】.

For **investors**, the question is whether to buy or hold. From a **cryptologist's perspective**, the current rally presents a promising short-term trading opportunity, with some analysts setting ambitious price targets, such as **$2.58** to **$3.60** by the end of the year【15†source】【16†source】. However, given that the surge is largely driven by hype surrounding the Grayscale Trust launch, there's a chance of a **slowdown** once the initial excitement wanes【16†source】.

For **risk-tolerant traders**, buying into the momentum could yield short-term gains. However, for more **conservative investors**, holding or waiting for more stability and deeper market corrections might be a safer approach, given the historical volatility of the crypto market.