Sui price has surged by 13.1% in the past 24 hours, making it the largest gainer in the top 100 coins on CoinGecko. This significant rise in price is speculated to be linked to Grayscale’s recent announcement about the launch of Sui Trust.
Grayscale, a renowned asset management firm, has opened its Sui Trust for accredited investors. The move by such a leading firm indicates strong institutional interest, which could be driving the current price rise of Sui.
The increased interest and investment in Sui could potentially push its price towards the $2 mark, making it a noteworthy development in the cryptocurrency market.
