The SUI crypto token has seen an impressive price surge, climbing by 54% this week alone. This performance places SUI among the top-performing cryptocurrencies in terms of monthly returns.
The altcoin is currently only trading at a 29.82% discount from its all-time high (ATH). This indicates significant bullish momentum and growing investor interest in the project.
A major contributing factor to SUI’s recent price action is its unique DeFi protocol, which offers lending and derivatives services. This adds a layer of functionality and appeal to the token, driving its recent uptick.
The market is keenly watching SUI, with the prospect of retesting the $2.18 mark in October, highlighting the ongoing positive sentiment around the altcoin.
