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SUI, the native cryptocurrency of the Sui blockchain, surged 15% weekly after Lion Group Holding Ltd. announced its inclusion in a $600 million crypto treasury. The Layer-1 competitor to Solana is gaining traction with strong developer growth and bullish trader sentiment.
- SUI price surged 15% weekly after Lion Group's $600M treasury inclusion, hitting $3 before a minor 5% pullback.
- Electric Capital reports a 54% growth in Sui network developers, defying broader crypto developer attrition trends.
- A $119M SUI token unlock and a $10M security fund post-hack highlight near-term risks and long-term resilience efforts.
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Other Tags: Electric Capital, Token Unlocks