SUI Token Surges 14% as Bitwise Spot ETF Filing Sparks Volume, Market Cap Hits $7.4B

SUIUSDT experienced a notable 24-hour price increase of 14%, rising from 1.7012 to 1.9394, primarily driven by bullish market sentiment following news of Bitwise's spot Sui ETF filing and increased investor interest. This development, combined with a surge in trading volume and the asset’s strong performance relative to broader market trends, contributed to the positive price movement.

Currently, SUIUSDT trades at 1.9394 with a robust 24-hour volume and a market capitalization of approximately $7.4 billion, ranking it as the 18th most popular cryptocurrency. The Sui blockchain continues to show growth, with its TVL surpassing $1 billion and future plans for programmable privacy and free stablecoin transfers supporting ongoing market engagement.