Share this article
Sui Reclaims $3 After Week-Long Rally Sparked by Lion Group’s Treasury Plans
The native token of the Sui network is up 15% over the past 7 days.
Jul 3, 2025, 6:31 p.m.
Make us preferred on Google
What to know:
- Sui (SUI) is trading around $3 after a week-long rally fueled by Lion Group’s $600 million crypto treasury plan announced on June 26.
- The token surged nearly 15% over the past seven days, with technical indicators showing a strong bullish breakout and support forming at $2.87.
- Sui’s Layer-1 network is positioning itself as a major competitor to Solana, with developer growth up 54% over two years despite broader ecosystem declines.
is trading at $3, up about 4% in the past 24 hours, as the token continues to rally following an announcement by Lion Group Holding Ltd. (LGHL) that it intends to acquire SUI tokens as part of a broader $600 million crypto treasury strategy.
The strategy was announced on June 26, triggering a rally in the price of the token, which is currently up nearly 15% over the past 7 days.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
SUI experienced a significant bullish breakout over the past 24 hour period, according to CoinDesk Research's technical analysis model. The token established a strong support level at $2.87 during early hours on Thursday, before surging dramatically with high volume.
Sui’s network has emerged as Solana’s primary challenger in the Layer-1 blockchain space, recording remarkable 54% developer growth over two years while most crypto ecosystems face significant developer attrition, according to a report from Electric Capital.
The network’s token is outperforming the broader crypto market as measured by the CoinDesk 20 Index, which rose about 5% over the same period.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
More For You
Wall Street remains bullish on bitcoin while offshore traders retreat
The difference in futures basis between CME and Deribit reflects varying risk appetite across regions.
What to know:
- U.S. institutional investors are maintaining their leveraged positions in bitcoin while offshore traders are reducing exposure, NYDIG found.
- The difference in futures basis between CME and Deribit reflects varying risk appetite across regions.
- Bitcoin’s price movement aligns with quantum computing stocks, suggesting a broader market trend rather than a specific quantum risk factor.
