SUI Surges 16.59%, Trading Volume Nears $1.7B Amid Network Usage Boom

SUI's price surged by 16.59% on a daily basis, reaching new heights as trading activity nearly doubled to $1.73 billion.

The token's network usage saw significant growth during this period, with 125,038 active addresses and 12,551 new addresses added within the 24-hour window, according to DefiLlama analytics.

This robust network utility further reinforced SUI's price recovery from its declining technical structure.

Despite the rapid daily uptick, the token still approached a crucial technical zone, with increased persistent participation remaining crucial for SUI as it broke beyond its prolonged descending channel.