**SUI Price Surge: Memecoins Fuel Rally**

Sui (SUI) has been on a tear, skyrocketing 115% in the past 30 days. From a low of $0.742 on Sept. 2, SUI hit a six-month high of $2, just shy of its all-time high of $2.18. This surge outpaces the overall crypto market, which saw a 4.4% increase, and Bitcoin's 7.3% rise.

The rally is largely driven by memecoins within the Sui ecosystem. Tokens like Aaa cat (AAA) and Suiba Inu (SUIB) posted significant gains, with AAA up 430% in a week. The largest Sui-based memecoin, Sudeng (HIPPO), also saw a 35% price jump.

Increased network activity and rising DeFi applications are bolstering Sui's growth. Transaction volumes and total value locked (TVL) on the network have surged, indicating strong user engagement and confidence.