SUI Price Surges 108% as Whale Activity and Retail Interest Rise

SUI, a prominent cryptocurrency, has recently garnered significant attention in the crypto market due to a strong price rebound. The token broke out of a well-defined falling wedge pattern, moving decisively above a descending resistance line. This technical development is often seen as a sign that a prolonged correction may be ending. The price of SUI surged from $1.40 to $2.93, indicating growing momentum. Analysts have also identified a bullish channel forming in SUI charts, with potential targets reaching towards $4. This pattern suggests that SUI may be entering a recovery phase, making the current price surge a notable event to monitor in 2025.

In addition to the price breakout, there have been notable shifts in on-chain activity that support the bullish sentiment. Whale wallets holding more than 1 million SUI increased by 8% over two weeks. This category of investors typically positions itself ahead of long-term rallies, adding weight to the view that SUI may have more room to rise. Transfer volumes also jumped from $48 million to $80 million within a week, reflecting increased user activity and broader interest. This upward trend in large-scale transactions is an encouraging sign for long-term holders and market watchers considering the potential for SUI's growth in 2025.

Retail participation is another positive indicator in the current SUI market. The total price rose by 30% in one week, surpassing 150 million users. This rapid expansion highlights the appeal of the network’s features, such as low fees and a developer-friendly environment. In the decentralized finance space, SUI’s total value locked (TVL) climbed to $2.33 billion, with consistent daily growth. Leading platforms like Cetus and Navi are attracting liquidity, reinforcing the ecosystem’s depth. A 23.23% rise in SUI’s stablecoin market cap to $8.93 billion also plays a key role, improving overall liquidity and enabling smooth access to DeFi services. These developments make a strong case for those asking whether SUI can go up in 2025. The answer looks promising based on current indicators.

Stablecoin inflows often act as a health indicator for any blockchain network. In SUI’s case, a notable 27.05% increase in 24 hours shows that investors are moving capital into the ecosystem. Currently, SUI is trading at $2.93 with a volume increase of 155.69%. Stablecoins help maintain liquidity and provide the foundation for smoother DeFi interactions. This increase in stable asset value, along with retail growth and developer participation, adds another layer of support to the SUI price surge. The broader crypto market is responding with increased engagement, further fueling the project’s upward momentum. Confidence in network security and consistent infrastructure is driving participation from both individual users and institutional players.

The derivatives market provides another perspective on SUI’s current trend. Nearly 90.6% of open interest is long on SUI perpetual contracts, with the long-to-short ratio standing at 9.64. This shows a strong leaning toward bullish bets. These numbers indicate that traders are expecting continued price growth, despite some intra-day volatility. When combined with technical breakout patterns and whale accumulation, this leveraged positioning signals deeper conviction. The data suggests that many market participants believe the current rally is more than a short-term spike, pointing to continued optimism around the SUI price surge heading into 2025.