SUI token has shown a remarkable rise of 115% over the past 30 days, setting a new price level at $1.69. The rally has been largely driven by memecoins within the SUI ecosystem that have observed significant, triple-digit gains.
Alongside this price surge, the SUI network has witnessed a corresponding increase in transaction volume, development activities, and the total value locked (TVL). These key network metrics have contributed to the positive sentiment surrounding SUI.
The total market capitalization of SUI memecoins increased by 15%, reaching $256.3 million, indicating a heightened interest and confidence in the network.
However, analysts remain divided over the future price trajectory of SUI, reflecting uncertainty amid these developments.
