Sui Token Rises to $3 Following Lion Group’s $600 Million Acquisition Announcement
Sui (SUI) Trading Update
- SUI is trading at $3, up 4% in the last 24 hours.
- Price increase follows Lion Group Holding Ltd.'s announcement of a $600 million crypto treasury strategy, which includes acquiring SUI tokens.
- SUI has risen nearly 15% over the past week.
- A bullish breakout occurred with strong support established at $2.87.
- Sui's network shows 54% developer growth over two years, positioning it as a primary challenger to Solana (SOL).
- SUI outperforms the broader market; CoinDesk 20 Index increased by 5% during the same period.