SUI is outperforming most of the crypto market after securing a five-day winning streak, fueled by the launch of the Grayscale SUI Trust and a new virtual Mastercard initiative with xPortal and xMoney.
SUI’s Price Soars 73% in a Week
SUI’s price jumped 23% in the past 24 hours alone, trading around $3.67 as of April 25. Over the last seven days, SUI surged from a low of $2.11 to an intraday high of $3.71, marking a 77% climb. This rally has made SUI the biggest gainer among the top 100 cryptocurrencies by market cap.
Grayscale SUI Trust and Mastercard Deal Boost Investor Confidence
The launch of the Grayscale SUI Trust has significantly boosted market sentiment. Open to accredited investors, the new trust offers institutional exposure to SUI and signals growing Wall Street interest in the ecosystem. Adding to the momentum, SUI’s partnership with xPortal and xMoney enables 2.5 million users in Europe to use a virtual Mastercard that integrates SUI tokens with Apple Pay and Google Pay at over 20,000 merchants.
Pseudonymous analyst Kyledoops highlighted the shift, saying, “This isn’t just retail hype—Wall Street is stepping into the SUI zone. Momentum feels different this time. It’s real. And it’s accelerating.”
DeFi Ecosystem Strengthens as TVL and DEX Volumes Surge
SUI’s DeFi presence is expanding rapidly. The total value locked (TVL) on the Sui network has climbed to over $1.65 billion, up 40% in just a week. SUI now ranks among the top 10 layer-1 blockchains by TVL, outpacing rivals across daily, weekly, and monthly metrics.
Daily decentralized exchange (DEX) volumes on SUI exploded by 177% over the past week to reach $599 million. In comparison, BNB Chain and Solana saw 68% and 67% gains respectively. Meanwhile, Ethereum’s DEX volumes declined by over 14%, despite maintaining a dominant $10.6 billion.
Can SUI Hit New All-Time Highs?
Technically, SUI gained momentum after breaking out of a falling wedge pattern, surpassing a key resistance trendline near $2.20 and achieving its wedge target at $3.30. The bulls are now eyeing the previous all-time high of $5.35, set on January 6.
The relative strength index (RSI) has climbed from 45 to 78 since April 20, reinforcing the strength of the ongoing rally. However, SUI must overcome a critical resistance zone between $4.50 and $5.10 before entering price discovery mode.
According to Elliott Wave analysis by pseudonymous analyst Bitcoinsensus, SUI could be targeting a massive breakout towards $11.50 in the coming months.
