Sui Surges to $3 Mark After Seven-Day Rally Triggered by Lion Group’s Treasury Announcement

SUI, the native asset of the Sui blockchain, has gained 15% over the past seven days as market participants reacted positively to a major treasury announcement from Lion Group Holding Ltd. (LGHL).

As of Friday, SUI is trading at $3, up 4% over the last 24 hours. The rally was sparked by Lion Group’s June 26 disclosure of plans to purchase SUI tokens as part of its expansive $600 million digital asset investment program.

That announcement triggered strong upward momentum in SUI’s price. CoinDesk Research’s technical analysis shows the token broke out of a bullish formation in the past day, securing support at the $2.87 level on Thursday before pushing higher on elevated trading volume.

Sui is quickly emerging as a strong Layer-1 contender alongside Solana (SOL $146.46). Unlike many blockchains that have seen falling developer participation, Sui has reported a 54% increase in developer activity over the past two years, according to Electric Capital’s latest report.

In comparison to the wider crypto market, SUI has significantly outpaced broader gains. While the CoinDesk 20 Index—which measures performance across leading digital assets—rose by about 5% this week, SUI’s return has been nearly triple that.