SUI has seen a recovery, trading at $2.6481 after bouncing from a key support level near $2.58. This rebound follows a significant decline during the prior session, which indicated strong institutional interest. Lion Group Holding Ltd. announced its intention to acquire SUI, HYPE, and SOL tokens as part of a strategy to expand its crypto treasury, funded by a $600 million convertible debt facility. Lion Group has already acquired $2 million in HYPE tokens and plans to use 75% of the net proceeds from its convertible offering for further token acquisitions. The company's CEO described HYPE as a critical asset for future capital markets. Trading volumes surged during the recovery, pointing to increased demand for SUI at the $2.60 mark. Analysts are cautious about resistance levels around $2.66, while a positive shift in short-term sentiment is noted.

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