Sui price rally gains steam after a highly bullish Grayscale report
2025-07-10 19:16:13
Main Idea
Sui's cryptocurrency price surged significantly in June, coinciding with a broader crypto market rally, while its ecosystem showed strong performance in decentralized finance and transaction volumes.
Key Points
1. Sui's price jumped to $3.3300, a 43% increase from its June low, amid a broader crypto rally with Bitcoin reaching nearly $113,000.
2. Sui's decentralized finance ecosystem includes over 70 applications with a total value locked exceeding $2.6 billion.
3. Stablecoin volume on Sui reached $887 million, and adjusted transaction volume rose by 5.6% to $151 billion.
4. Sui's decentralized exchange volume rebounded after the Cetus Protocol hack, handling $8.52 billion in assets over 30 days and $281 million in 24 hours.
5. Technically, Sui's price moved above key indicators like the 50% Fibonacci retracement level and the 50-day and 100-day Exponential Moving Averages.
Description
Sui price staged a strong recovery this week, reaching its highest level since June 12, as the crypto bull run continued. Sui ( SUI ) jumped to a high of $3.3300, up by over 43% from its lowest level in June this year The rally coincided with the ongoing crypto rally , with Bitcoin ( BTC ) surging to an all-time high of nearly $113,000. Most altcoins like Cardano ( ADA ) and Ethereum ( ETH ) also gained steam. Sui’s rally also followed the release of a detailed report from Grayscale, which expla...
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