Sui Reclaims $3 After Week-Long Rally Sparked by Lion Group’s Treasury Plans
2025-07-03 19:08:27
Main Idea
SUI token's price surged 15% over the past week following Lion Group Holding Ltd.'s announcement to acquire SUI tokens as part of a $600 million crypto strategy, with the token now trading at $3.
Key Points
1. SUI is trading at $3, up about 4% in the past 24 hours and nearly 15% over the past 7 days.
2. Lion Group Holding Ltd. announced plans to acquire SUI tokens as part of a $600 million crypto strategy on June 26, triggering the rally.
3. SUI experienced a bullish breakout, establishing strong support at $2.87 before surging with high volume.
4. Sui’s network is emerging as a challenger to Solana in the Layer-1 blockchain space, with a reported 54% developer attrition.
5. The CoinDesk 20 Index rose about 5% over the same period as SUI's rally.
Description
Sui (SUI) is trading at $3, up about 4% in the past 24 hours, as the token continues to rally following an announcement by Lion Group Holding Ltd. (LGHL) that it intends to acquire SUI tokens as part of a broader $600 million crypto treasury strategy. The strategy was announced on June 26, triggering a rally in the price of the token, which is currently up nearly 15% over the past 7 days. SUI experienced a significant bullish breakout over the past 24 hour period, according to CoinDesk Research'...
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