Sui rises 38% in January to $1.99 on network strength and ETF interest

Beincrypto reports Sui (SUI) surged more than 38% since the start of January, climbing to $1.99 — its highest level in nearly two months.

The rally included five consecutive green closes, the longest streak since April, and saw SUI jump 14.2% in the past 24 hours, trading at $1.94 at the time of writing. Daily volume rose over 91% to about $1.7 billion, and tokens across the Sui ecosystem also posted gains. On January 1, 43.69 million SUI tokens entered circulation via the project’s monthly vesting schedule — an estimated $65.10 million — yet SUI continued to trade higher, a sign the market absorbed the additional supply. Analyst Kyle Chassé also pointed to sustained network activity after the Mysticeti v2 upgrade (866 transactions per second) and spot SUI ETF filings as indicators of growing institutional interest.

Market observers remain bullish but cautious: SUI has rebounded from a reported triple-bottom and reclaimed the $1.75 level, and traders have set targets between $2.8 and $3.5. Another analyst suggested SUI’s market cap could approach $30 billion in a strong altcoin season from its current $7.3 billion, but such outcomes depend on broader market conditions, sustained network growth and investor risk appetite, and volatility remains a key factor to watch.

Key Topics

Crypto, Sui, Spot Sui Etf, Token Vesting, Bitwise, Kyle Chassé