Sui Price continues its strong upward trend, gaining 111% over the past 30 days. The cryptocurrency’s price has surged from $0.742 on Sept. 2 to hit a six-month high of $2 on Oct. 4, just shy of its all-time high of $2.18 set in March.
This performance makes SUI the second-best 30-day performer among the top 100 cryptocurrencies by market cap. While the total crypto market cap increased by 4.4% to $2.15 trillion and Bitcoin rose 7.3% to $62,142 in the same period, SUI has significantly outpaced the broader market.
Much of SUI’s rally can be attributed to the growing excitement around memecoins on its layer-1 blockchain. Memecoins like Aaa cat (AAA) and Suiba Inu (SUIB) have posted impressive gains, with AAA up 430% in the past week.
Sudeng (HIPPO), the largest Sui-based meme token by market cap, surged 35% in one day, contributing to the overall memecoin market on Sui reaching $256.3 million.
Sui’s increased network activity also highlights its growing relevance. Total transactions recently surpassed 2 billion, while decentralized finance (DeFi) activity on the platform has surged.
Total value locked (TVL) on the Sui network has climbed 63% in the past month to over $1 billion, reflecting rising user engagement and confidence in the network.
This combination of ecosystem growth and strong price performance positions Sui as a key player in the crypto space.
