Sui (SUI), the native token of the Sui network, has surged 15% over the past week, trading around $3 following Lion Group's announcement of a $600 million crypto treasury strategy on June 26. The rally reflects market optimism, with Sui showing a strong bullish breakout and establishing a support level at $2.87. Compared to broader trends in the cryptocurrency market, Sui is outperforming as the CoinDesk 20 Index rose approximately 5% during the same period. The Sui network, which has positioned itself as a competitor to Solana, has witnessed a remarkable 54% growth in developers over the past two years, even amidst declines across much of the crypto ecosystem.
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