SUI token surges 25% as veteran trader Peter Brandt declares a major market bottom.

The Layer-1 blockchain token SUI has surged over 40% in a week, breaking a long downtrend and prompting veteran trader Peter Brandt to call it a "major bottom." This rally is notable as other major cryptocurrencies remain in consolidation. SUI's price recovery follows a tough period after a major hack and prolonged decline, with recent corporate staking removing a large supply from the market. While still down 75% from its all-time high, the token's recent gains suggest potential for further upward movement if it holds above key levels.