SUI has been one of the best performers in the past week, gaining 23% as the market reacted to bullish developments.
The crypto is also set to receive a massive liquidity boost after Grayscale announced a new fund, but the resistance at $1.171 is proving tough to crack.
It’s been a great week for SUI. The token has been one of the best performers in the past ten days, with interest from institutional investors pushing the token’s price to a three-month high.
At press time, SUI trades at $1.03, gaining marginally over the past day. However, it was the highest gainer on Thursday at over 11%, and in the past week, it has gained 21%, pushing its market cap to $2.75 billion.
One of the key drivers of the token’s newly found momentum was the introduction of the Grayscale Sui Trust, as one analyst noted on X, stating:
SUI’s recent price surge, which saw it outperform the broader market with a 16% increase, is largely due to the launch of the Grayscale Sui Trust. This new investment v
