$SUI The movement of SUI coins currently shows bullish signs, with the price surging nearly 14% to reclaim the main breakout zone. Some driving factors are¹ ²:
- *Collaboration with Grill*: Sui collaborates with Grill, a platform that assists in launching new altcoin projects, creating positive momentum for Sui and supporting the potential for wider adoption.
- *Increase in Trading Volume*: Daily trading volume of SUI has significantly increased by 131%, reaching $78.2 million, and SUI's open interest in the derivatives market also surged from $57 million to $256.3 million.
- *Influence from Grayscale Investment Product Launch*: The launch of Grayscale's Sui Trust investment product provides a pathway for institutional investors to gain exposure to SUI.
The current price of SUI is trading around $3.95, with potential gains towards $4.30 and even $5.00 if this breakout continues. However, it is important to remember that the crypto market is highly volatile, and price movements can be influenced by various factors.