SUI Token Surges by 13% Amid Market Recovery

SUI Token ($SUI) reportedly surged by 13% during the last week, showing significant growth amid the market recovery. According to the data shared by CoinMarketCap, the world’s leading secure and reliable crypto data provider, the crypto market started to recover on the 3rd of September, and since then cryptocurrencies have been showing significant growth. Till today, the crypto market is up by 23% and $SUI popped out to be showing a bullish trend.

#CMCNews: Sui (SUI) surged 13% in one day, reaching $1.03, amid a broader recovery which started on September 3 and is up 23.6% on the week.https://t.co/qazkRNXoph

— CoinMarketCap (@CoinMarketCap) September 15, 2024

Sui Token is Among the Top 100 Crypto Gainers After Market Recovery

The crypto market started recovering on September 3, and many cryptocurrencies are showing significant growth. Among such top crypto gainers, $SUI emerged as the bullish crypto asset showing significant growth of 13% in less than a week. For now, $SUI is trading ahead of Popcat and BinaryX in terms of market capitalization.

This significant growth is also because of Grayscale’s launch of Grayscale SUI Trust. Because of this trust, $SUI is outperforming all of its competitor altcoins and showing significant growth in its price value. Additionally, this newly launched trust has brought the attention of crypto investors toward SUI Network.

Grayscale Launches Grayscale SUI Trust

Grayscale, a prominent crypto asset manager, launched Grayscale SUI Trust which highly influenced the bullish price trend of SUI Token ($SUI). This newly launched enables accredited investors to explore the SUI Network to gain maximum knowledge and the nature of $SUI.

This trust is purely devoted to investing in the crypto assets powering the SUI layer-1 blockchain which means shares are to be followed by the lower fees, price value and expenses. This launch has acted as the catalyst for $SUI, showing significant growth, surging by 13% during the last week and currently trading at $1.07.

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