The SUI token experienced a significant 35% price increase, achieving a record weekly close of $4.23. This surge is attributed to rising trading volumes, reaching $20 million daily as of December 6.
Developer activity has been on the rise, particularly with the integration of new DeFi and gaming projects, enhancing the ecosystem's value.
Institutional interest also grew, evidenced by increased staking activities and accumulation by whales. Technical indicators suggest $4.50 as the next potential resistance level.
Overall, the market sentiment towards SUI is positive, reflecting broader interest and potential purchasing by larger investors.
![SUI Token [SUI] Price: Surges 35% to Record $4.23 Weekly Close Amid Rising Volume](https://loutre.blockchair.io/w4/storage/news/yiwooom6qdfcke3a.png){kind=small}
