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but (SUI) has seen a significant price rise in the past seven days in a move that has seen the coin reach a new all-time high (ATH). SUI has posted a 27% rise in the past seven days from a low of $3.9824 amid the recent price decline.
The main drivers behind SUI's bullish momentum
According to CoinMarketCap DataSUI is currently trading at $5.22, representing an increase of 18.72% over the past 24 hours. Investor confidence also grew with trading volume rising by a staggering 191.40% to $2.44 billion.
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Sui has gone through an amazing journey over the past two years to reach its current price level.
Notably, the coin suffered from bearish sentiment, which led to it falling below $0.50 in its early days. In October of 2023, SUI reached an all-time low (ATL) of $0.3643. Despite the low point, the SUI ecosystem has maintained flexibility in product releases.
Less than 14 months later, ATL and SUI recorded a growth rate of 1,328.26%.
The recent SUI bull run was caused by the ecosystem-controlled token opening. Notably, on the first day of 2025, approximately 82 million SUI tokens were issued representing 0.82% of the total token supply. This measured issuance has helped prevent flooding the market and overwhelming investors with supply.
Analysts believe that strong demand for SUI, as seen with high trading volume, helped offset any negative impact on the currency.
Sui collaborations and integrations
Interestingly, the first-layer blockchain attempts to improve utility, even Recognize and record From Charles Hoskinson of Cardano.
In a recent notable move, Sui has teamed up with Ant Digital Technologies to accelerate global adoption of real-world assets in Web3. The partnership makes token assets available on Sui for the first time.
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Likewise, Phantom Wallet, a leading non-custodial multi-chain crypto wallet, has been integrated with the Sui Network. The move by Phantom, which has around 7 million active users, is significant as Sui users can now expand their wallet solution with access to the Solana ecosystem.
These cooperation and integration processes have contributed to Bullish sentiment Suffering from SUI.
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