SUI Rallies as Lion Group Adds Token to $600M Crypto Strategy

Sui (SUI) is trading around $3.02, marking a 4% gain over the past 24 hours and a nearly 15% increase in the last week. The token's recent rally follows Lion Group Holding Ltd.'s (LGHL) announcement on June 26 that it plans to acquire SUI as part of a $600 million crypto treasury strategy. The move has sparked renewed investor interest in the Layer-1 blockchain project.

According to CoinDesk Research, SUI broke out of a bullish pattern in the last 24 hours, establishing strong support at $2.87 before surging higher on strong trading volume. The positive price momentum aligns with growing institutional confidence in the Sui network’s long-term potential.

Sui has quickly positioned itself as a leading alternative to Solana (SOL), boasting 54% developer growth over the past two years. While many blockchain ecosystems have seen a decline in developer engagement, Sui continues to expand its developer base, signaling strong fundamentals and ecosystem vitality. This growth trend was highlighted in a recent report by Electric Capital.

The SUI token is outperforming broader market benchmarks, including the CoinDesk 20 Index, which gained about 5% during the same period. With institutional backing, sustained developer traction, and strong technical indicators, Sui is emerging as a key contender in the competitive Layer-1 blockchain space.

Investors and analysts alike are now closely watching how this momentum plays out, particularly as more capital allocators explore SUI as part of diversified crypto portfolios. As on-chain fundamentals continue to strengthen, Sui may further solidify its role as a core infrastructure asset in the evolving Web3 economy.