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The SUI Network has experienced a surge in activity over the last 24 hours. Notably, the network recorded a 145% surge in daily active users. According to a recent post by Crypto Banter, data indicates an upward trend in the number of new wallet interactions.
SUI's price spikes as momentum builds
Notably, this suggests strong market momentum for the Sui network. The 145% increase indicates that the number of new users has more than doubled in recent times. This could positively impact the ecosystem.
The development may increase investors' interest in Sui, as well as attract developers to the network. Additionally, the price outlook of SUI could further increase upward momentum.
As of press time, Sui was trading at $3.94, representing a 0.14% increase over the last 24 hours. SUI had reached an intraday peak of $4 before the current correction. This slight pullback might be the result of general market volatility following Bitcoin’s correction.
Despite the slight pullback, trading volume remains in the green zone by 1.54% at $2.53 billion. The number of daily active users and the asset's breakout are likely catalyzing the current Sui price outlook.
ATH in sight as on-chain and developer activity grow
The current development marks a significant shift from last week, when the price stalled at just below $3. Analysts had hinted that SUI was preparing for a major rally if it could break above the $3 level. The asset has done just that and could climb above $4 if investors sustain the current momentum.
Interestingly, SUI is about 26% away from retesting its all-time high (ATH) of $5.35, which it attained in January 2025. If SUI finds stability above the $4 level and forms support, it might ride the bullish sentiment to higher levels.
In its previous climb to a new ATH, Sui’s collaborations and integrations played pivotal roles in the journey. With a spike in the number of daily active users and the recent integration of tBTC, via partnership with the Threshold Network, SUI could reattempt the climb.
Vladislav Sopov
U.Today Editorial Team