SUI token surged nearly 40% to a four-month high of $1.41 after breaking out of a bullish symmetrical triangle pattern on the daily chart. Nasdaq-listed SUI Group Holdings staked 108.7 million SUI tokens worth about $143 million, removing 2.7% of circulating supply and creating a supply squeeze. This, combined with a $3.13 million short squeeze and positive signals from analysts like Peter Brandt, fueled the rally. Upcoming network upgrades and partnerships, including private transactions and stablecoin transfers, also boosted investor confidence.
Ethereum has strengthened its position as the top staking network with a 12.13% weekly increase in staked market cap, reaching $78.08 billion. This growth highlights a shift of investor interest back to large-cap, liquid networks despite mixed result...
Sui has announced that the Hashi Global testnet will launch soon, featuring native Bitcoin as collateral within its DeFi ecosystem. This development could allow Bitcoin holders to use BTC directly in Sui-based decentralized finance applications witho...
