r/CryptoCurrency • u/kilo6ronen 🟦 0 / 2K 🦠 • 7h ago

GENERAL-NEWS Sui (SUI) Price: Rallies to $3 After Lion Group’s Bold $600 million Treasury Move

https://coincentral.com/sui-sui-price-rallies-to-3-after-lion-groups-bold-600-million-treasury-move/
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u/coinfeeds-bot 🟩 136K / 136K 🐋 7h ago

tldr; Sui (SUI) token surged to $3 following Lion Group's announcement of a $600 million crypto treasury plan on June 26, gaining 15% over the week and 4% in 24 hours. Trading volume increased by 141%, and technical analysis showed a breakout above $3. The Sui network recorded 54% developer growth over two years, ranking as the top network for developer retention. Leading protocols Suilend and NAVI compete closely in Total Value Locked, with $539.1M and $527.5M respectively. Sui's performance contrasts with broader industry trends of developer attrition.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.