SUI's price shot up by 12.7%, reaching $2.07 in U.S. trading sessions. This upward trend is credited to increased Total Value Locked (TVL), which crossed the $1 billion threshold, representing a significant shift in market dynamics.
An additional boost came from Bybit's Launchpool, which supports SUI as its inaugural native token. This development has spurred market interest and investments geared towards the digital currency.
The future of SUI remains promising, but it faces the challenge of maintaining momentum to potentially break its all-time high (ATH) levels, while market participants watch for potential sell-offs as a counter to the bullish trend.
