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SUI Surges Past Chainlink in Market Cap as Ecosystem Heats Up and Wall Street Takes Notice

A week signaled by the restoration of optimism in the larger crypto market has one altcoin making headlines for all the good reasons. SUI , the native token of the Sui Network, has surged by over 43% in just a few days—rising from $2.10 to touch the $3 mark. The explosive rally hasn’t just captured the eyes of retail investors; it has also pushed SUI past long-time top dog Chainlink (LINK) in market capitalization. This week, SUI has a market cap of $9.88 billion, higher than LINK’s $9.54 billion and greater even than Avalanche (AVAX)—a reality placing the token among the leaders of the altcoin sector. To a lot of folks, this isn’t just another quick pump and dump. It’s seen as a validation of Sui’s growing heft in the fast-evolving crypto world. $SUI’s officially out of stealth mode. Grayscale just launched a trust, social chatter is exploding, and it’s now sitting above AVAX and LINK in market cap. This isn’t just retail hype—Wall Street is stepping into the SUI zone. Momentum feels different this time. It’s real.… pic.twitter.com/OYIYamgg80 — Kyledoops (@kyledoops) April 24, 2025 Ecosystem Strength, Wall Street Entry, and Macro Winds Shift in SUI’s Favor SUI’s price and status have surged due to a handful of converging, amplifying factors. The recent launch of a Grayscale SUI Trust has raised the pitch of institutional interest to new levels. Grayscale is known for bringing Wall Street heft into the crypto sphere via their trusts and funds; their move to set up a Sui trust is a major vote of confidence in Sui’s long-term play. It’s not just speculative traders buying Sui; serious, institutional-type capital is entering the Sui zone. That money flow is reflected in the numbers. The platforms have been deluged with people talking about Sui. And this isn’t just noise. You can practically feel the community’s collective spirit as it lifts the network and the tokens around it to ever-greater heights. So, what is all the fuss and hullabaloo about? A portion of the momentum can be attributed to an improving macroeconomic sentiment. Earlier in the month, altcoins took a beating, mostly because there was global uncertainty around the intensifying U.S.-China trade situation and the threat of new tariffs. However, both countries have now returned to the negotiating table, and the appearances of progress seem to have calmed things down quite a bit. At least for now. Crypto markets, which are notably sensitive to geopolitical developments, have calmed down too. Sui, it appears, was in an ideal location to take advantage of the change. What’s Next for Sui in 2025? With SUI’s upward price action showing persistence—$14.54 as of Dec. 28 at 9:51 a.m. UTC—questions are now shifting toward what the network has planned for the rest of 2025 and whether this dunk is sustainable. Per sources close to @SuiNetwork, the team is working on a number of big updates and community initiatives. While specifics are still under wraps, we get the sense from signals that are available that the focus is on 1. Scalability improvements; 2. New developer grants; 3. Increased interoperability with other major chains. Additionally, there are whispers going around about a broader DeFi expansion and improved onboarding tools for non-crypto native users—moves that could really widen Sui’s appeal beyond its current user base. In an important way, the pace at which Sui is developing seems different from the cycle of expectations that have characterized previous upswings in the space. In this instance, there appears to be a combination of really good fundamentals, strategic institutional alignment, and a broader narrative about altcoin utility that is sending Sui (and, it should be noted, some other non-Ethereum layer 1s) into a truly impressive place not just in terms of “market cap” but also, in some respects, in terms of just plain “realness.” Now, investors and traders will be keeping a close watch on SUI to see if it can hold onto its solid new spot near the top of the market cap rankings. The next few weeks could be quite crucial, especially if Sui can sustain its momentum the way some similar protocols have done lately. This morning, Sui was up about 35% over the past 24 hours, according to data from CoinGecko. In terms of price increases, it looked quite similar to some of the very recent appearances made by other top-tier protocols. For the time being, however, we can say this much: SUI isn’t simply another altcoin experiencing a momentary surge. It has emerged— and the market is respecting it. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! CoinTurk News

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Fed rescinds crypto guidance for banks in bid to streamline oversight and support innovation

The Fed`s policy shift may boost crypto innovation but raises concerns about potential risks and the need for balanced regulatory oversight. The post Fed rescinds crypto guidance for banks in bid to streamline oversight and support innovation appeared first on Crypto Briefing . CoinTurk News