SUI Sets Sights Higher as Network Expansion Sparks Investor Interest

The SUI token has been catching serious attention this week, soaring by more than 50% as excitement builds around its growing ecosystem and institutional interest.

Grayscale recently spotlighted the project, praising Suis ambition to bridge Web2 and Web3 technologies with streamlined tools for payments, blockchain access, and asset integration.

Alongside this endorsement, Grayscale launched the Sui Trust for accredited investors, a move many see as a first step toward a future spot ETF. Canary Capital has already made its own ETF filing for Sui, signaling that competition among asset managers could soon heat up.

SUI‘s strong momentum isn’t just driven by institutional moves. Partnerships with xPortal and xMoney have introduced a virtual Mastercard that allows users to spend SUI tokens directly, adding a real-world use case that strengthens the altcoins position.

Meanwhile, the networks fundamentals continue to improve, with total value locked (TVL) climbing 38% in a week to reach over $1.6 billion, accompanied by rising DEX trading volumes.

Several analysts believe there‘s still room for growth. Crypto Patel suggested SUI could eventually hit between $10 and $20, while Rose pointed to a key technical breakout that could push prices toward $6. Other voices, including Ledora and Michaël van de Poppe, expect SUI’s bullish trend to continue as it targets new highs.