SUI Surges 60% in a Month, Approaches $900 Million TVL Milestone

  • SUI recently achieved a $900 million TVL milestone.

  • SUI’s recent achievement coincides with a 60% price rally over the past month.

  • Increasing DeFi activity is behind SUI’s recent resurgence.

SUI, the native token of the layer-1 blockchain platform Sui, hit a major milestone reaching a total value locked (TVL) of over $900 million.

Host of the Altcoin Buzz podcast noticed SUI gained a massive 60% over the past month, climbing to over $1.60 in its latest surge.

The analyst reviewed SUI’s price performance in the past year, showing how the altcoin’s price peaked in March when it rallied to $2.18 during a crypto market surge. SUI’s March rally happened at the same time as Bitcoin’s pre-halving surge, which pushed the leading cryptocurrency to record highs.

Afterward, both SUI and Bitcoin pulled back after hitting new highs, with the layer-1 blockchain’s token falling below $0.5 in August before reversing course and rallying nearly 260% in less than seven weeks. The podcast analyst believes SUI’s latest surge indicates the altcoin’s potential to reach a new all-time high.

SUI’s Bullish Surge

SUI’s recent bullish movement includes a …

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