SUI Crypto Network Volume Jumps 23% as Grayscale SUI Trust Goes Live

SUI crypto trading volume rose 23% after the Grayscale SUI Trust began trading on the OTC desk in the United States.

The move gave more investors access to the Sui blockchain. Traders watched price levels closely and monitored the network’s activity to understand short-term trends.

Grayscale Launch Increased SUI Crypto Trading

In a major development, SUI Network experienced a noticeable increase in trading activity following the launch of the Grayscale SUI Trust on the OTCQX. The product, available in the United States trades under the ticker GSUI.

As detailed, the Trust provides investors with exposure to Sui, a Layer 1 blockchain designed for fast transactions and developer-friendly smart contracts.

Grayscale had offered the Trust to private accredited investors since August 2024.

Its listing on OTCQX aimed to allow broader public access and align with the company’s plan to move private products to public markets.

Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, stated that the listing provides investors with new opportunities to participate in the expanding crypto ecosystem.

Adeniyi Abiodun, Co-Founder and CPO at Mysten Labs, explained that Sui is designed to support fast and resilient applications for a large number of users.

He added that the launch allows more institutions and investors to support the SUI Network and the technologies built on it.

Market watchers noted that the debut of the Trust drew attention to SUI Network and its activity.

The 23% jump in trading volume immediately following the public listing is a sign of renewed interest. The market reaction showed that more investors were willing to buy SUI as access increased.

Price Focused Near $1.71 Zone

Since the announcement, according to CoinMarketCap data, Sui crypto is trading at a daily high of $1.63, up by 0.45% in the past 24 hours.

Market data reveal that the $1.71 level acted as a key point for traders to watch. Historical data showed SUI had tested this zone during previous consolidation phases.

Meanwhile, technical indicators suggested that holding above $1.69 could lead to higher price levels.

Short-term charts showed that SUI remained above its 20-day and 50-day moving averages, indicating support for potential upward moves.

RSI readings suggested momentum was improving, but did not show strong signals of a trend change.

Different forecasting models provided mixed expectations. Overall, there are expectations that SUI price could stabilize near $1.71, with a possible dip toward $1.35.

Traders treated $1.71 as a critical decision point rather than a guaranteed floor.

Candlestick patterns indicated that buyers were absorbing dips, but analysts warned that low liquidity could render patterns less reliable.

Immediate resistance levels included $1.73 and $1.77, with secondary resistance at $1.82 and $1.88.

Traders noted that if SUI price falls below $1.71, the price could move toward $1.40–$1.35.

Broader Bitcoin trends and crypto market liquidity remained key factors in determining short-term price movements.

Ecosystem Growth and User Activity Trends

SUI Network’s total value locked increased to about $1.19 billion after the USDsui stablecoin launched.

Stablecoin integration added liquidity and helped support decentralized finance activity on the network.

Daily active users dropped to roughly 400,000, the lowest since August, but on-chain data showed some funds moved to lower-risk assets.

Market watchers stated that while higher TVL strengthened the network long term, lower user activity could limit short-term price momentum.

Traders are closely watching ecosystem trends, as improvements in liquidity and the launch of new projects could spark increased investor interest.

However, declining user activity and broader market risks could affect short-term confidence.

SUI crypto continued to attract attention as more investors gained access through the Grayscale SUI Trust.

Notably, the combination of trading volume increases, price activity around key levels, and ecosystem developments shaped the market’s near-term direction.