Sui's Price Surges 300% as Institutional Interest Booms
Sui, a next-generation Layer-1 blockchain, has witnessed remarkable growth and increased institutional interest. Its price has surged over 300% since early 2024, currently trading around $3.90-$4.00. Binance Alpha has played a significant role in boosting Sui's visibility and adoption.
Sui's journey began with a $300 million funding round led by YZi Labs, a fund managed by Binance founder Changpeng Zhao, in early 2022. The blockchain launched its mainnet in early 2023 and has since demonstrated impressive growth, surging by 46% in the past six months and 52% in the past month.
Binance Alpha's recent listing of several Sui projects and integration of the Sui blockchain has accelerated its adoption. This, coupled with Sui's bullish price trajectory and projected upside target in the $5-$6 range, indicates a positive outlook for the cryptocurrency.
Institutional interest in Sui is on the rise. In May 2025, Sui-linked investment products attracted $11.7 million in inflows, the highest among all altcoins. This growth is supported by Sui's high on-chain fee revenue and a DeFi ecosystem with nearly $2 billion in total value locked as of Q2 2025.
Sui's capped total supply of 10 billion tokens, with around 30.9% currently in circulation, adds to its appeal. Built on the Move programming language, Sui aims to overcome transaction speed and scalability limitations of earlier blockchains. With its impressive growth, institutional interest, and positive price projections, Sui continues to be a prominent player in the crypto market.
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