Here is Why the Price of SUI Rose Over 70% in a Week

SUI’s price jumped from $2.98 to $3.77 on April 25, 2025, before it went back to $3.68 at the time of writing marking a 25% daily gain and pushing its market cap to roughly $12.25 billion.

Trading volume also surged with around 40% to $3.99 billion, signaling renewed market interest and strong momentum behind the rally.

Grayscale Trust and Mastercard News Boost Confidence

Two major announcements triggered the spike. On April 23, Grayscale launched a dedicated SUI Trust, offering institutional investors exposure to the token. The trust is viewed as a strong vote of confidence in SUI’s long-term potential and is expected to attract institutional capital.

Simultaneously, the Sui Foundation unveiled a partnership with xPortal and xMoney to issue a virtual Mastercard linked to SUI. The card allows 2.5 million users across Europe to spend SUI at over 20,000 merchants via Apple Pay and Google Pay, expanding the token’s real-world use case.

READ MORE:

Strike CEO Gives His Bitcoin Price Prediction Amid Central Bank Failures

Buzz, Rumors, and Technical Breakout Amplify Rally

Social media buzz, fueled by SUI’s status as the week’s top gainer among the top 100 coins, attracted more attention. A rumor linking Sui to a possible Pokémon collaboration — based on Mysten Labs’ acquisition of Parasol Technologies, which appeared in a Pokémon app privacy update — further amplified investor excitement.

Speculative interest also played a role. Meme tokens built on Sui, such as LOFI and BLUB, posted triple-digit gains, helping drive new users to the platform and further boosting transaction volumes.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.