SUI Reconciles $ 3 After Ugelang Rally, evoked by Lion Group’s Treasury plans

Sui

Handling with $ 3, up approx. 4% over the last 24 hours as the token continues to collect after a message from Lion Group Holding Ltd. (LGHL) That it intends to acquire Sui -Tokens as part of a wider $ 600 million crypto state -box strategy.

The strategy was announced on June 26, triggering a demonstration in the price of the token, which has currently risen almost 15% over the past 7 days.

SUI experienced a significant bullish breakout in the last 24 hour period, according to Coindesk Research’s technical analysis model. The token established a strong level of support of $ 2.87 in the early hours of Thursday before rising dramatically by a large volume.

Sui’s network has emerged like Solana’s

Primary challenges in the Layer-1 blockchain room and detects remarkable 54% developer growth over two years, while most crypto ecosystems face a significant developer development, according to a report from electric capital.

The network’s token is better than the wider crypto market measured by the Coindesk 20 index, which increased approx. 5% in the same period.

Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.

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