Sui’s price (SUI-USD) has exploded over 70% in the last week. It is now trading around $3.77. The rally has been driven by a surge in DeFi activity. Expanding stablecoin liquidity has added more fuel. Even rumors linking Sui to Pokemon have played a part.
DeFi Growth Drives Sui’s Climb
At the heart of the price jump is Sui’s growing DeFi ecosystem. Total Value Locked (TVL) on the network has climbed 40% this month, reaching about $1.73 billion, according to DeFiLlama. That kind of growth signals rising confidence from investors and developers building on the platform. More DeFi action means higher demand for SUI tokens, which helps explain the surge.
Stablecoin Liquidity Adds Fuel
Sui isn’t just seeing more DeFi projects. The network’s stablecoin reserves have also soared. Coinpedia reports that stablecoin holdings on Sui have grown from $630 million to $880 million in just weeks. That’s an 82% jump. Stablecoins provide the liquidity that powers DeFi apps and trading activity, so their rise adds even more momentum behind Sui’s price.
SUI-Pokemon Partnership Rumors Stir Speculation
But numbers aren’t the only thing driving this rally. Rumors are swirling that Sui could be collaborating with Pokemon. This started when Parasol Technologies, acquired by Sui’s team, was mentioned in Pokemon HOME’s privacy policy. Nothing official has been announced, but the hype alone is helping to lift sentiment.
SUI Token Unlock Looms Ahead
The big question now is whether Sui can hold these gains. On May 1, around 74 million SUI tokens, worth about $265 million, will unlock and hit the market. Historically, token unlocks like this can weigh on prices. Still, with Sui’s fundamentals looking strong, the network might actually be able to absorb the extra supply.
At the time of writing, SUI is sitting at $3.77.
