Sushi Price Up 5.1% Amid New Perpetual DEX Launch on Sui Network

On NOV 1 2025, SUSHI rose by 5.1% within 24 hours to reach $0.5125, SUSHI dropped by 5.59% within 7 days, rose by 5.1% within 1 month, and dropped by 62.22% within 1 year.

The Sui Network has emerged as a focal point for blockchain innovation, with its DeFi ecosystem experiencing significant traction. The Sui blockchain now hosts over $2 billion in total value locked (TVL), with more than 700,000 daily active users and 5.5 million daily transactions. This growth has attracted attention from analysts who are closely watching the ecosystem’s evolution for signs of sustained bullish momentum.

HyperSui, a new native perpetual DEX on the Sui Network, has raised $2 million in just two weeks since the launch of its presale. The project is positioned to redefine decentralized trading by offering advanced liquidity structures and AMM-based trading. If HyperSui’s launch is successful in attracting institutional and retail traders, it could significantly boost the Sui Network’s TVL and, by extension, increase demand for the native token SUI.

The presale is open to investors across multiple blockchains, including Sui, BNB Chain, Ethereum, and Solana, with token purchases also available via smart contracts and bank card. The current price of the HyperSui token is $0.00331, and the team has stated a listing price of $0.09, indicating a potential 27,000% price appreciation. Early participation is being supported by major wallet providers such as Coinbase Wallet, Rainbow, OKX, Trust, and MetaMask.

Analysts from Brave New Coin have projected that SUI could rise to between $7.70 and $11.20, depending on market conditions and continued bullish sentiment. Meanwhile, CoinPedia has forecasted a more conservative target of $3.42 for the end of October 2025. These estimates highlight the potential for significant price appreciation in the SUI token if the broader DeFi ecosystem continues to expand.

Backtest Hypothesis

The success of HyperSui and its impact on SUI’s price can be analyzed using an event-based backtesting strategy. The hypothesis is built on identifying periods when the SUI token surged by at least 5% in a single day, indicating heightened market activity and investor sentiment around significant announcements or product launches. Once these events are pinpointed, the backtest would evaluate the performance of SUI and associated DeFi tokens in the days and weeks following the surge.

A backtest spanning from 2022-01-01 to 2025-11-01 could help determine whether such price movements correlate with long-term gains, especially in the context of major product launches like HyperSui’s perpetual DEX. The test would involve analyzing daily closing prices for SUI and tracking performance over 1, 7, 30, and 90-day periods post-event. This approach would provide empirical support for the assumption that major DeFi developments, such as the launch of a new DEX, can drive both short-term volatility and long-term value for related tokens.