SUI Token Surges 17% Amid $900M Volume, Developer Upgrades, and Stablecoin Announcement Drive Volatility

SUIUSDT has seen increased trading activity, with the current price at 1.8126, down 3.52% from the 24h open of 1.8788, and strong 24-hour volume exceeding $900 million. The recent price change is attributed to profit-taking following Sui’s significant 17% surge driven by growing on-chain activity, rising open interest, and higher trading volumes, alongside short liquidations after the pair reclaimed a key resistance level. Continued developer upgrades, rising TVL in Sui’s DeFi ecosystem, and institutional interest have contributed to overall bullish sentiment, while recent volatility reflects active market participation and reactions to new developments such as the announcement of a future stablecoin and regulatory board appointments.